Dynatrace’s (DT) “Neutral” Rating Reaffirmed at Wedbush

Dynatrace (NYSE:DT)‘s stock had its “neutral” rating reaffirmed by analysts at Wedbush in a note issued to investors on Thursday, Benzinga reports. They currently have a $55.00 price objective on the stock. Wedbush’s price objective points to a potential upside of 12.24% from the company’s previous close.

A number of other research analysts also recently commented on the company. Robert W. Baird reduced their price target on Dynatrace from $65.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday. Rosenblatt Securities increased their target price on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. JMP Securities lifted their price target on shares of Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a research note on Friday, February 2nd. Barclays reduced their price objective on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Finally, Morgan Stanley initiated coverage on shares of Dynatrace in a research report on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $61.42.

Dynatrace Price Performance

Shares of DT stock opened at $49.00 on Thursday. The company’s fifty day moving average price is $46.24 and its two-hundred day moving average price is $50.77. The firm has a market capitalization of $14.43 billion, a P/E ratio of 72.36, a P/E/G ratio of 3.96 and a beta of 1.06. Dynatrace has a 12 month low of $43.29 and a 12 month high of $61.41.

Insider Activity at Dynatrace

In other news, CEO Rick M. Mcconnell sold 1,991 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the transaction, the chief executive officer now directly owns 514,106 shares in the company, valued at $26,687,242.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the transaction, the chief executive officer now owns 514,106 shares of the company’s stock, valued at approximately $26,687,242.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now 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 a total of 29,067 shares of company stock worth $1,368,368 in the last ninety days. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its holdings in shares of Dynatrace by 34.5% in the third quarter. Commonwealth Equity Services LLC now owns 30,107 shares of the company’s stock valued at $1,407,000 after buying an additional 7,720 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Dynatrace in the 3rd quarter worth $290,000. TD Asset Management Inc raised its position in shares of Dynatrace by 10.4% during the third quarter. TD Asset Management Inc now owns 14,904 shares of the company’s stock worth $696,000 after purchasing an additional 1,400 shares during the period. Assetmark Inc. lifted its holdings in shares of Dynatrace by 28.8% during the third quarter. Assetmark Inc. now owns 14,444 shares of the company’s stock valued at $675,000 after purchasing an additional 3,230 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Dynatrace by 19.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 538,373 shares of the company’s stock valued at $25,158,000 after purchasing an additional 87,132 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

About Dynatrace

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.