Dynatrace (NYSE:DT) Research Coverage Started at UBS Group

UBS Group assumed coverage on shares of Dynatrace (NYSE:DT) in a research report report published on Wednesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $58.00 price objective on the stock.

A number of other research firms have also weighed in on DT. BTIG Research lifted their target price on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group boosted their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Guggenheim boosted their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. BNP Paribas initiated coverage on Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. Finally, Wedbush initiated coverage on Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective for the company. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.36.

Dynatrace Stock Up 1.3 %

DT stock opened at $56.20 on Wednesday. The firm has a market capitalization of $16.77 billion, a PE ratio of 102.18, a PEG ratio of 8.11 and a beta of 1.06. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The stock has a 50-day simple moving average of $53.82 and a two-hundred day simple moving average of $49.17.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’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 completion of the sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock valued at $3,397,904 over the last quarter. 0.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp raised its holdings in Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after purchasing an additional 13,957 shares in the last quarter. Tidal Investments LLC raised its holdings in Dynatrace by 2.7% in the third quarter. Tidal Investments LLC now owns 35,113 shares of the company’s stock worth $1,877,000 after purchasing an additional 923 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Dynatrace in the third quarter worth $131,000. TD Private Client Wealth LLC raised its holdings in Dynatrace by 3.1% in the third quarter. TD Private Client Wealth LLC now owns 22,570 shares of the company’s stock worth $1,207,000 after purchasing an additional 675 shares in the last quarter. Finally, Virtue Capital Management LLC increased its holdings in shares of Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after acquiring an additional 212 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 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.