Dynatrace’s (DT) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Dynatrace (NYSE:DT) in a research report released on Friday morning,Benzinga reports.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Scotiabank boosted their target price on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price for the company. Royal Bank of Canada boosted their target price on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Barclays boosted their target price on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.24.

Dynatrace Trading Up 0.1 %

Shares of NYSE:DT opened at $57.82 on Friday. The stock has a market capitalization of $17.26 billion, a P/E ratio of 105.12, a P/E/G ratio of 8.34 and a beta of 1.02. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41. The business has a 50-day moving average price of $54.80 and a two-hundred day moving average price of $52.02.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the 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 sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after buying an additional 1,207,621 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after buying an additional 884,673 shares in the last quarter. RGM Capital LLC boosted its stake in Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after buying an additional 494,028 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in Dynatrace by 31.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after buying an additional 648,808 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in Dynatrace by 23.9% in the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock valued at $133,753,000 after buying an additional 482,017 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.