Dynatrace (NYSE:DT) Receives Buy Rating from Truist Financial

Dynatrace (NYSE:DT)‘s stock had its “buy” rating reissued by Truist Financial in a report released on Thursday, Benzinga reports. They presently have a $60.00 target price on the stock, down from their previous target price of $70.00. Truist Financial’s target price suggests a potential upside of 22.45% from the company’s previous close.

Several other brokerages have also issued reports on DT. Barclays decreased their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Morgan Stanley initiated coverage on Dynatrace in a research note on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 price target on the stock. BMO Capital Markets decreased their price target on Dynatrace from $63.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Robert W. Baird reduced their price objective on Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Capital One Financial initiated coverage on Dynatrace in a research report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus target price of $61.42.

Dynatrace Stock Performance

Shares of DT opened at $49.00 on Thursday. Dynatrace has a 52-week low of $43.29 and a 52-week high of $61.41. The business’s fifty day moving average is $46.24 and its 200-day moving average is $50.77. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 72.36, a PEG ratio of 3.96 and a beta of 1.06.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 1,991 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total value of $103,352.81. Following the transaction, the chief executive officer now directly owns 514,106 shares of the company’s stock, valued at approximately $26,687,242.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Rick M. Mcconnell sold 1,991 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total value of $103,352.81. Following the transaction, the chief executive officer now directly owns 514,106 shares of the company’s stock, valued at approximately $26,687,242.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The disclosure for this sale can be found here. Insiders have sold 29,067 shares of company stock valued at $1,368,368 in the last ninety days. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DT. Commonwealth Equity Services LLC raised its stake in Dynatrace by 34.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 30,107 shares of the company’s stock worth $1,407,000 after buying an additional 7,720 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Dynatrace during the 3rd quarter worth approximately $290,000. TD Asset Management Inc raised its stake in Dynatrace by 10.4% during the 3rd quarter. TD Asset Management Inc now owns 14,904 shares of the company’s stock worth $696,000 after buying an additional 1,400 shares during the period. Assetmark Inc. raised its stake in Dynatrace by 28.8% during the 3rd quarter. Assetmark Inc. now owns 14,444 shares of the company’s stock worth $675,000 after buying an additional 3,230 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Dynatrace by 19.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 538,373 shares of the company’s stock worth $25,158,000 after purchasing an additional 87,132 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. 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.