Dynatrace, Inc. (NYSE:DT) Receives Average Rating of “Moderate Buy” from Brokerages

Dynatrace, Inc. (NYSE:DT) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $61.68.

A number of brokerages have commented on DT. UBS Group began coverage on Dynatrace in a research note on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective on the stock. BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. Royal Bank of Canada increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Jefferies Financial Group boosted their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, BTIG Research upped their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in shares of Dynatrace by 68.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,476 shares of the company’s stock valued at $51,601,000 after purchasing an additional 467,121 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Dynatrace by 2.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 20,262 shares of the company’s stock valued at $907,000 after acquiring an additional 406 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Dynatrace by 10.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,076 shares of the company’s stock worth $1,122,000 after acquiring an additional 2,389 shares during the period. Intech Investment Management LLC grew its stake in shares of Dynatrace by 22.7% in the second quarter. Intech Investment Management LLC now owns 40,558 shares of the company’s stock worth $1,815,000 after purchasing an additional 7,495 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Dynatrace by 56.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 20,344 shares of the company’s stock valued at $910,000 after purchasing an additional 7,331 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Up 1.6 %

Shares of DT stock opened at $56.52 on Tuesday. The company’s fifty day simple moving average is $54.31 and its 200-day simple moving average is $51.66. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a market cap of $16.87 billion, a PE ratio of 102.75, a P/E/G ratio of 7.94 and a beta of 1.02.

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.