Dynatrace (NYSE:DT) Reaches New 1-Year High – Here’s What Happened

Dynatrace, Inc. (NYSE:DT)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $61.24 and last traded at $61.00, with a volume of 164721 shares changing hands. The stock had previously closed at $60.43.

Analyst Ratings Changes

A number of research analysts have issued reports on DT shares. Truist Financial boosted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wedbush reiterated an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada raised their target price on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Scotiabank boosted their price target on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Finally, Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.08.

Dynatrace Stock Down 0.5 %

The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 8.37 and a beta of 1.04. The stock’s 50 day moving average price is $55.21 and its two-hundred day moving average price is $52.57.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in Dynatrace by 7.0% during the second quarter. Cetera Investment Advisers now owns 43,528 shares of the company’s stock valued at $1,947,000 after purchasing an additional 2,843 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Dynatrace in the second quarter valued at about $567,000. SG Americas Securities LLC grew its position in shares of Dynatrace by 30.1% in the third quarter. SG Americas Securities LLC now owns 21,298 shares of the company’s stock valued at $1,139,000 after purchasing an additional 4,922 shares during the last quarter. GAMMA Investing LLC boosted its stake in Dynatrace by 68.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,957 shares of the company’s stock valued at $105,000 after purchasing an additional 796 shares during the period. Finally, CWM LLC grew its holdings in Dynatrace by 199.8% in the 3rd quarter. CWM LLC now owns 7,066 shares of the company’s stock valued at $378,000 after buying an additional 4,709 shares during the last quarter. 94.28% of the stock is currently owned by 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.