Dynatrace (NYSE:DT) Given Hold Rating at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Dynatrace (NYSE:DT) in a report released on Friday morning,Benzinga reports.

Several other brokerages have also issued reports on DT. BNP Paribas assumed coverage on Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target for the company. Guggenheim lifted their price target on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company reduced their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Scotiabank raised their price objective on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $53.48 on Friday. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 97.24, a P/E/G ratio of 7.77 and a beta of 1.06. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41. The stock has a 50-day simple moving average of $52.90 and a 200-day simple moving average of $48.41.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s 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 sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,022 shares of company stock worth $3,397,904. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its stake in Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 572 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Dynatrace during the second quarter valued at $26,000. V Square Quantitative Management LLC acquired a new position in shares of Dynatrace during the second quarter valued at $32,000. Finally, Riverview Trust Co lifted its stake in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.