Dynatrace’s (DT) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Dynatrace (NYSE:DT) in a research note released on Thursday,Benzinga reports. They currently have a $67.00 price target on the stock.

A number of other equities analysts also recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Barclays lifted their target price on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Jefferies Financial Group lifted their price objective 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. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $62.08.

Dynatrace Stock Performance

NYSE DT opened at $60.03 on Thursday. The company has a market cap of $17.97 billion, a P/E ratio of 37.52, a P/E/G ratio of 8.37 and a beta of 1.04. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.40. The business’s 50 day moving average price is $55.05 and its 200-day moving average price is $52.41.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DT. Smartleaf Asset Management LLC boosted its position in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares in the last quarter. Riverview Trust Co boosted its holdings in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Dynatrace during the fourth quarter valued at $38,000. Paladin Wealth LLC acquired a new stake in Dynatrace during the third quarter valued at $38,000. Finally, UMB Bank n.a. increased 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 buying an additional 535 shares in the last quarter. 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.