Rosenblatt Securities Reiterates “Buy” Rating for Dynatrace (NYSE:DT)

Rosenblatt Securities reissued their buy rating on shares of Dynatrace (NYSE:DT) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $65.00 target price on the stock.

Several other equities research analysts have also recently commented on DT. Jefferies Financial Group boosted their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. UBS Group assumed coverage on Dynatrace in a report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Loop Capital boosted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, Truist Financial raised their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.24.

Dynatrace Stock Up 0.1 %

Shares of DT opened at $57.82 on Wednesday. The firm has a market capitalization of $17.26 billion, a PE ratio of 105.12, a P/E/G ratio of 8.34 and a beta of 1.02. The firm has a 50-day moving average price of $54.75 and a 200 day moving average price of $51.92. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds have recently bought and sold shares of the company. Holocene Advisors LP bought a new position in Dynatrace in the 3rd quarter worth approximately $126,592,000. State Street Corp boosted its position in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the period. Barclays PLC grew its stake in shares of Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after acquiring an additional 981,964 shares during the last quarter. Geode Capital Management LLC increased its position in Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares during the period. Finally, DSM Capital Partners LLC raised its stake in Dynatrace by 55.3% during the 4th quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company’s stock valued at $133,407,000 after purchasing an additional 874,429 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

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.