Dynatrace’s (DT) Neutral Rating Reiterated at Guggenheim

Guggenheim reaffirmed their neutral rating on shares of Dynatrace (NYSE:DT) in a research note published on Wednesday,Benzinga reports.

Several other research firms have also weighed in on DT. Scotiabank boosted their target price on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Wedbush started coverage on Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price for the company. JPMorgan Chase & Co. upped their price target on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Barclays increased their target price on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.68.

Dynatrace Stock Up 2.1 %

NYSE DT opened at $54.36 on Wednesday. The business’s fifty day simple moving average is $54.22 and its 200-day simple moving average is $51.42. The firm has a market cap of $16.23 billion, a PE ratio of 98.83, a P/E/G ratio of 7.49 and a beta of 1.02. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

A number of large investors have recently bought and sold shares of the business. Riverview Trust Co increased its stake in Dynatrace by 70.6% in the third 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 period. UMB Bank n.a. grew its holdings in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the last quarter. Paladin Wealth LLC acquired a new position in Dynatrace in the 3rd quarter valued at about $38,000. Nisa Investment Advisors LLC increased its position in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in Dynatrace during the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Dynatrace

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.