Dynatrace, Inc. (NYSE:DT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Dynatrace, Inc. (NYSE:DT) have earned an average recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $61.96.

A number of research firms recently weighed in on DT. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Stifel Nicolaus raised their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Barclays raised their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,459 shares of company stock worth $10,052,682. 0.59% of the stock is owned by insiders.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Forum Financial Management LP acquired a new stake in Dynatrace in the 4th quarter worth about $258,000. Toronto Dominion Bank increased its holdings in Dynatrace by 10.0% in the 4th quarter. Toronto Dominion Bank now owns 49,012 shares of the company’s stock valued at $2,663,000 after buying an additional 4,443 shares during the period. Cache Advisors LLC bought a new position in Dynatrace in the 4th quarter valued at about $506,000. Public Employees Retirement System of Ohio increased its holdings in Dynatrace by 4.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 146,580 shares of the company’s stock valued at $7,967,000 after buying an additional 5,728 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Dynatrace by 53.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company’s stock valued at $211,707,000 after buying an additional 1,350,794 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Down 2.4 %

Shares of DT stock opened at $59.79 on Friday. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 7.10 and a beta of 1.04. Dynatrace has a 12-month low of $39.42 and a 12-month high of $63.00. The firm has a fifty day moving average of $56.08 and a 200-day moving average of $53.84.

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.