Dynatrace’s (DT) “Neutral” Rating Reaffirmed at Guggenheim

Dynatrace (NYSE:DT)‘s stock had its “neutral” rating reiterated by stock analysts at Guggenheim in a report released on Wednesday,Benzinga reports.

DT has been the subject of a number of other reports. Rosenblatt Securities reissued a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research note on Wednesday, November 6th. Cantor Fitzgerald assumed coverage on Dynatrace in a report on Friday, January 17th. They set a “neutral” rating and a $58.00 target price on the stock. Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Finally, BNP Paribas assumed coverage on Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.92.

Dynatrace Trading Up 2.0 %

Shares of NYSE DT traded up $1.04 during trading hours on Wednesday, reaching $54.26. The stock had a trading volume of 1,124,978 shares, compared to its average volume of 2,836,060. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of 98.47, a PEG ratio of 7.49 and a beta of 1.02. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a 50-day moving average of $54.22 and a 200-day moving average of $51.42.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Retirement Systems of Alabama lifted its position in shares of Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after purchasing an additional 64,999 shares in the last quarter. Geode Capital Management LLC lifted its stake in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares in the last quarter. Synovus Financial Corp lifted its stake in Dynatrace by 27.8% in the 3rd 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. Crossmark Global Holdings Inc. lifted its stake in Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after purchasing an additional 9,444 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Dynatrace during the 3rd quarter valued at $600,000. 94.28% of the stock is owned by institutional investors.

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.