Guggenheim Downgrades Dynatrace (NYSE:DT) to Neutral

Guggenheim cut shares of Dynatrace (NYSE:DT) from a buy rating to a neutral rating in a research report report published on Monday morning, MarketBeat.com reports.

Several other analysts have also weighed in on the company. Barclays increased their price target on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Scotiabank increased their target price on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Loop Capital upped their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. BNP Paribas assumed coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Finally, Royal Bank of Canada upped their target price on Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Dynatrace Trading Down 2.4 %

DT opened at $53.52 on Monday. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a 50-day moving average of $54.85 and a 200 day moving average of $50.88. The firm has a market cap of $15.97 billion, a P/E ratio of 97.31, a P/E/G ratio of 8.20 and a beta of 1.02.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,027 shares of company stock valued at $3,168,084. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its holdings in shares of Dynatrace by 39.2% during the second quarter. CIBC Asset Management Inc now owns 9,930 shares of the company’s stock valued at $444,000 after acquiring an additional 2,796 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Dynatrace during the 2nd quarter valued at approximately $26,000. Acadian Asset Management LLC purchased a new position in shares of Dynatrace in the second quarter worth $382,000. United Services Automobile Association lifted its stake in shares of Dynatrace by 2.7% during the second quarter. United Services Automobile Association now owns 18,707 shares of the company’s stock worth $837,000 after buying an additional 493 shares during the period. Finally, Van Berkom & Associates Inc. purchased a new stake in shares of Dynatrace during the second quarter valued at $1,246,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.