Dynatrace (NYSE:DT) Now Covered by Analysts at UBS Group

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

Several other research firms also recently issued reports on DT. Wedbush assumed coverage on Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price on the stock. BNP Paribas began coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price for the company. Loop Capital lifted their target price on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company lowered their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Scotiabank raised their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.36.

Dynatrace Price Performance

Shares of DT opened at $56.19 on Wednesday. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The stock’s fifty day moving average price is $53.82 and its two-hundred day moving average price is $49.19. The firm has a market cap of $16.77 billion, a PE ratio of 102.16, a PEG ratio of 8.11 and a beta of 1.06.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

Several hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. bought a new position in Dynatrace in the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc lifted its holdings in shares of 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 in the last quarter. Riverview Trust Co boosted its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares during the last quarter. Paladin Wealth LLC bought a new stake in Dynatrace in the 3rd quarter worth about $38,000. Finally, UMB Bank n.a. raised its position in Dynatrace by 292.3% in the 3rd 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. 94.28% of the stock is 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.