Dynatrace, Inc. (NYSE:DT) Given Consensus Rating of “Moderate Buy” by Analysts

Dynatrace, Inc. (NYSE:DTGet Free Report) has received an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $60.50.

DT has been the topic of several research reports. Rosenblatt Securities upped their price target on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. JMP Securities upped their price target on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a research report on Friday, February 2nd. Citigroup upped their price target on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of Dynatrace in a research report on Thursday, February 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $66.00 price target on shares of Dynatrace in a research report on Friday.

Get Our Latest Report on DT

Insider Transactions at Dynatrace

In other news, SVP Dan Zugelder sold 6,596 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $56.25, for a total value of $371,025.00. Following the completion of the transaction, the senior vice president now owns 96,020 shares of the company’s stock, valued at $5,401,125. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Bernd Greifeneder sold 4,715 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $54.63, for a total transaction of $257,580.45. Following the completion of the transaction, the senior vice president now owns 996,916 shares of the company’s stock, valued at $54,461,521.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Dan Zugelder sold 6,596 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total value of $371,025.00. Following the transaction, the senior vice president now directly owns 96,020 shares of the company’s stock, valued at approximately $5,401,125. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,896 shares of company stock valued at $5,207,653. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DT. Raymond James Financial Services Advisors Inc. boosted its position in shares of Dynatrace by 62.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,699 shares of the company’s stock valued at $363,000 after purchasing an additional 2,966 shares during the period. HighTower Advisors LLC boosted its position in shares of Dynatrace by 42.6% in the 1st quarter. HighTower Advisors LLC now owns 5,353 shares of the company’s stock valued at $250,000 after purchasing an additional 1,598 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Dynatrace by 61.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,022 shares of the company’s stock valued at $378,000 after purchasing an additional 3,039 shares during the period. MetLife Investment Management LLC acquired a new position in shares of Dynatrace in the 1st quarter valued at $582,000. Finally, Raymond James Trust N.A. boosted its position in shares of Dynatrace by 39.5% in the 1st quarter. Raymond James Trust N.A. now owns 6,511 shares of the company’s stock valued at $307,000 after purchasing an additional 1,845 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Down 2.6 %

Shares of DT opened at $52.42 on Tuesday. The business’s 50 day moving average is $55.83 and its two-hundred day moving average is $50.88. Dynatrace has a 52-week low of $37.21 and a 52-week high of $61.41. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 79.42, a PEG ratio of 5.82 and a beta of 1.13.

About Dynatrace

(Get Free Report

Dynatrace, Inc provides a security platform for multicloud environments. It 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.

Further Reading

Analyst Recommendations for Dynatrace (NYSE:DT)

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