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

Dynatrace (NYSE:DT)‘s stock had its “hold” rating reissued by research analysts at Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports.

A number of other analysts have also weighed in on DT. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research report on Wednesday, January 22nd. UBS Group assumed coverage on Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective on the stock. BNP Paribas assumed coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $61.68.

Dynatrace Trading Up 0.7 %

DT stock opened at $57.77 on Friday. The stock has a market capitalization of $17.24 billion, a P/E ratio of 105.04, a price-to-earnings-growth ratio of 8.34 and a beta of 1.02. The firm has a 50-day moving average price of $54.65 and a 200-day moving average price of $51.88. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41.

Insider Activity

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of 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 acquiring an additional 1,207,621 shares in the last quarter. Geode Capital Management LLC boosted its position in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the last quarter. RGM Capital LLC grew its stake in Dynatrace by 12.8% in the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after purchasing an additional 494,028 shares during the period. Westfield Capital Management Co. LP increased its position in shares of Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after purchasing an additional 648,808 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in shares of Dynatrace by 23.9% during the 3rd quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock worth $133,753,000 after purchasing an additional 482,017 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.