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

Shares of Dynatrace, Inc. (NYSE:DT) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $63.35.

DT has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Wedbush reissued an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, UBS Group boosted their target price on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st.

Dynatrace Trading Down 2.4 %

DT opened at $49.19 on Wednesday. The stock has a 50-day moving average price of $55.73 and a 200-day moving average price of $54.47. Dynatrace has a 12-month low of $39.42 and a 12-month high of $63.00. The stock has a market capitalization of $14.72 billion, a P/E ratio of 30.74, a PEG ratio of 7.05 and a beta of 1.12.

Insiders Place Their Bets

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Institutional investors have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC bought a new position in shares of Dynatrace during the 4th quarter valued at $242,380,000. Alyeska Investment Group L.P. purchased a new stake in Dynatrace in the 4th quarter worth $204,000,000. Norges Bank purchased a new stake in Dynatrace in the 4th quarter worth $192,284,000. Holocene Advisors LP purchased a new stake in Dynatrace in the 3rd quarter worth $126,592,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Dynatrace during the fourth quarter valued at about $102,209,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.