Dynatrace, Inc. (NYSE:DT) Given Consensus Rating of “Moderate Buy” by Analysts

Dynatrace, Inc. (NYSE:DT) has received a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $61.88.

DT has been the subject of several research reports. BNP Paribas began coverage on Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. BTIG Research raised their target price on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wedbush began coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Finally, Barclays lifted their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th.

Dynatrace Stock Up 0.1 %

DT stock opened at $55.10 on Friday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The firm has a 50-day simple moving average of $54.82 and a 200-day simple moving average of $50.37. The stock has a market capitalization of $16.45 billion, a P/E ratio of 100.18, a P/E/G ratio of 8.20 and a beta of 1.01.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,027 shares of company stock worth $3,168,084 in the last three months. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DT. Cullen Frost Bankers Inc. purchased a new stake in shares of Dynatrace during the 2nd quarter worth approximately $26,000. Riverview Trust Co raised its holdings in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Paladin Wealth LLC acquired a new position in Dynatrace during the third quarter worth $38,000. UMB Bank n.a. grew its holdings in Dynatrace by 292.3% in the third 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. Finally, Capital Performance Advisors LLP purchased a new position in shares of Dynatrace in the third quarter valued at $52,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.