Needham & Company LLC Reiterates Hold Rating for Dynatrace (NYSE:DT)

Dynatrace (NYSE:DT)‘s stock had its “hold” rating reaffirmed by research analysts at Needham & Company LLC in a report released on Thursday,Benzinga reports.

Other research analysts have also recently issued research reports about the stock. Loop Capital upped their target price on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Scotiabank upped their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Wedbush reiterated an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Finally, Barclays increased their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $62.08.

Dynatrace Trading Down 0.5 %

Shares of DT stock opened at $59.80 on Thursday. The company’s 50-day moving average price is $55.14 and its 200-day moving average price is $52.46. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 8.37 and a beta of 1.04. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.40.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of 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 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares in the last quarter. Versant Capital Management Inc grew its holdings in Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after buying an additional 206 shares during the period. Virtue Capital Management LLC lifted its stake in shares of Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after purchasing an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock valued at $500,000 after purchasing an additional 222 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in shares of Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.