Dynatrace (NYSE:DT) Now Covered by UBS Group

UBS Group began coverage on shares of Dynatrace (NYSE:DT) in a report published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $58.00 target price on the stock.

A number of other research firms also recently issued reports on DT. Wells Fargo & Company reduced their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Wedbush assumed coverage on shares of Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price for the company. Scotiabank increased their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Finally, Guggenheim upped their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average price target of $61.36.

Dynatrace Price Performance

Shares of DT opened at $56.19 on Wednesday. The firm has a market capitalization of $16.77 billion, a P/E ratio of 102.16, a PEG ratio of 8.11 and a beta of 1.06. Dynatrace has a one year low of $39.42 and a one year high of $61.41. The business has a fifty day moving average of $53.82 and a 200 day moving average of $49.19.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,022 shares of company stock worth $3,397,904. Insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Large investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new position in shares of Dynatrace in the 2nd quarter valued at about $26,000. Versant Capital Management Inc raised its position in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares during the period. Riverview Trust Co lifted its stake in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Dynatrace in the 3rd quarter worth approximately $38,000. Finally, UMB Bank n.a. increased its position in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.