Dynatrace, Inc. (NYSE:DT) Given Average Recommendation of “Moderate Buy” by Brokerages

Dynatrace, Inc. (NYSE:DT) has earned an average recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $61.36.

Several equities research analysts have commented on DT shares. Guggenheim upped their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company lowered their target price 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. BMO Capital Markets raised their price target on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th.

Dynatrace Price Performance

NYSE:DT opened at $56.19 on Monday. The company has a market capitalization of $16.77 billion, a P/E ratio of 102.16, a P/E/G ratio of 8.21 and a beta of 1.06. The business has a fifty day simple moving average of $53.82 and a two-hundred day simple moving average of $49.20. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41.

Insider Activity at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,022 shares of company stock valued at $3,397,904. Insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of large investors have recently added to or reduced their stakes in DT. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace in the second quarter worth about $26,000. Versant Capital Management Inc increased its stake 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 buying an additional 572 shares during the period. Riverview Trust Co raised its holdings 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 acquiring an additional 257 shares in the last quarter. Paladin Wealth LLC purchased a new stake in Dynatrace in the third quarter worth $38,000. Finally, UMB Bank n.a. boosted 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 acquiring an additional 535 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

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.