Dynatrace (NYSE:DT) Receives “Neutral” Rating from Guggenheim

Guggenheim reiterated their neutral rating on shares of Dynatrace (NYSE:DT) in a research report report published on Wednesday,Benzinga reports.

Several other research firms have also issued reports on DT. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Loop Capital upped their target price on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Scotiabank raised their price target on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Wedbush initiated coverage on Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 price target on the stock. Finally, UBS Group assumed coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.68.

Dynatrace Stock Performance

DT stock opened at $54.36 on Wednesday. The firm has a 50-day simple moving average of $54.22 and a two-hundred day simple moving average of $51.42. Dynatrace has a one year low of $39.42 and a one year high of $61.41. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 98.83, a PEG ratio of 7.49 and a beta of 1.02.

Insider Activity

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

Hedge Funds Weigh In On Dynatrace

Large investors have recently bought and sold shares of the business. Riverview Trust Co grew its position in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the period. UMB Bank n.a. boosted its holdings in Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the last quarter. Paladin Wealth LLC purchased a new stake in Dynatrace during the 3rd quarter worth approximately $38,000. Nisa Investment Advisors LLC increased its position in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Dynatrace during the 3rd quarter worth $52,000. Institutional investors and hedge funds 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.