Dynatrace (NYSE:DT) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Dynatrace (NYSE:DT) in a research note published on Friday, Benzinga reports.

DT has been the topic of several other reports. Rosenblatt Securities increased their target price on shares of Dynatrace from $58.00 to $65.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Robert W. Baird cut their price target on shares of Dynatrace from $65.00 to $62.00 and set an outperform rating for the company in a research note on Thursday, May 16th. Morgan Stanley began coverage on shares of Dynatrace in a research report on Tuesday, February 13th. They set an equal weight rating and a $60.00 price objective on the stock. Bank of America cut their target price on shares of Dynatrace from $70.00 to $68.00 and set a buy rating for the company in a research report on Thursday, May 16th. Finally, Royal Bank of Canada lowered their price target on Dynatrace from $66.00 to $60.00 and set an outperform rating on the stock in a research report on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $61.54.

Dynatrace Stock Performance

NYSE DT traded down $0.67 during trading hours on Friday, hitting $46.93. The company had a trading volume of 2,571,172 shares, compared to its average volume of 4,046,904. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 90.25, a PEG ratio of 6.97 and a beta of 1.06. Dynatrace has a 52 week low of $43.29 and a 52 week high of $61.41. The firm has a 50 day simple moving average of $46.42 and a 200 day simple moving average of $50.85.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction on 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 approximately $22,085,190.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares in the last quarter. FMR LLC increased its holdings in shares of Dynatrace by 3.1% during the third quarter. FMR LLC now owns 18,213,109 shares of the company’s stock valued at $851,099,000 after acquiring an additional 555,739 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Dynatrace by 8.7% during the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after acquiring an additional 583,220 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Dynatrace by 10.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after purchasing an additional 375,463 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Dynatrace by 0.3% in the 3rd quarter. William Blair Investment Management LLC now owns 3,835,232 shares of the company’s stock worth $179,220,000 after purchasing an additional 10,956 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

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.