Dynatrace, Inc. (NYSE:DT) Given Average Recommendation of “Moderate Buy” by Brokerages

Dynatrace, Inc. (NYSE:DT) has earned an average recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $61.50.

DT has been the subject of several research reports. BMO Capital Markets boosted their price target on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Guggenheim increased their target price on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, September 27th. BTIG Research raised their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Scotiabank upped their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Finally, Loop Capital raised their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th.

Dynatrace Trading Up 0.3 %

NYSE:DT opened at $53.64 on Thursday. The stock has a 50 day moving average of $53.03 and a two-hundred day moving average of $48.50. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The firm has a market cap of $16.01 billion, a P/E ratio of 97.53, a price-to-earnings-growth ratio of 7.50 and a beta of 1.06.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock worth $3,397,904 over the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DT. Vanguard Group Inc. boosted its stake in shares of Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after buying an additional 1,680,971 shares during the period. US Bancorp DE lifted its stake in Dynatrace by 89.7% in the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after acquiring an additional 22,928 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Dynatrace by 640.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock worth $8,469,000 after acquiring an additional 157,739 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Dynatrace in the 2nd quarter valued at approximately $1,295,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Dynatrace by 1,146.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after purchasing an additional 2,030,915 shares in 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.