Dynatrace, Inc. (NYSE:DT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Dynatrace, Inc. (NYSE:DTGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $60.50.

DT has been the topic of a number of research reports. Rosenblatt Securities boosted their price objective on Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Citigroup boosted their price objective on Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Truist Financial boosted their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. reduced their price objective on Dynatrace from $69.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Scotiabank boosted their price objective on Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 5th.

Read Our Latest Research Report on Dynatrace

Insider Activity at Dynatrace

In related news, SVP Bernd Greifeneder sold 4,715 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $54.63, for a total value of $257,580.45. Following the completion of the sale, the senior vice president now directly owns 996,916 shares of the company’s stock, valued at approximately $54,461,521.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Dynatrace news, SVP Dan Zugelder sold 6,596 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $56.25, for a total transaction of $371,025.00. Following the completion of the sale, the senior vice president now directly owns 96,020 shares of the company’s stock, valued at approximately $5,401,125. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bernd Greifeneder sold 4,715 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $54.63, for a total value of $257,580.45. Following the completion of the transaction, the senior vice president now directly owns 996,916 shares of the company’s stock, valued at $54,461,521.08. The disclosure for this sale can be found here. Insiders sold 94,896 shares of company stock valued at $5,207,653 in the last three months. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several institutional investors have recently modified their holdings of DT. Price T Rowe Associates Inc. MD grew its holdings in shares of Dynatrace by 2,277.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,934,130 shares of the company’s stock valued at $293,315,000 after acquiring an additional 6,642,452 shares in the last quarter. Norges Bank bought a new position in shares of Dynatrace in the fourth quarter valued at approximately $148,515,000. American Century Companies Inc. grew its holdings in shares of Dynatrace by 11,824.1% in the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock valued at $112,702,000 after acquiring an additional 2,391,545 shares in the last quarter. State Street Corp grew its holdings in shares of Dynatrace by 55.7% in the third quarter. State Street Corp now owns 6,202,122 shares of the company’s stock valued at $215,896,000 after acquiring an additional 2,218,679 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Dynatrace by 9.0% in the second quarter. BlackRock Inc. now owns 25,155,376 shares of the company’s stock valued at $1,294,747,000 after purchasing an additional 2,068,456 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Performance

Shares of DT opened at $52.42 on Tuesday. Dynatrace has a 52-week low of $37.21 and a 52-week high of $61.41. The business’s fifty day moving average is $55.83 and its 200-day moving average is $50.88. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 79.42, a PEG ratio of 5.82 and a beta of 1.13.

About Dynatrace

(Get Free Report

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.

Further Reading

Analyst Recommendations for Dynatrace (NYSE:DT)

Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.