Dynatrace (NYSE:DT) Earns “Hold” Rating from Needham & Company LLC

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

Several other equities research analysts also recently issued reports on DT. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Thursday. Jefferies Financial Group boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald cut their target price on shares of Dynatrace from $58.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Barclays raised their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Dynatrace Stock Up 2.0 %

NYSE DT opened at $60.48 on Thursday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.00. The firm has a market cap of $18.10 billion, a PE ratio of 37.80, a P/E/G ratio of 8.37 and a beta of 1.04. The business’s fifty day simple moving average is $55.05 and its 200-day simple moving average is $52.41.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade 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 this hyperlink. 0.59% of the stock is owned by insiders.

Institutional Trading of Dynatrace

Several hedge funds have recently modified their holdings of the business. Holocene Advisors LP purchased a new position in Dynatrace in the 3rd quarter valued at approximately $126,592,000. TimesSquare Capital Management LLC acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $73,906,000. State Street Corp raised 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 worth $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Barclays PLC raised its stake in Dynatrace by 85.3% in the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after purchasing an additional 981,964 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.