Needham & Company LLC Reaffirms Hold Rating for Dynatrace (NYSE:DT)

Dynatrace (NYSE:DT)‘s stock had its “hold” rating reissued by equities researchers at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports.

A number of other equities analysts have also commented on the company. Wedbush reissued an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. BTIG Research upped their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Scotiabank boosted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Finally, UBS Group increased their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.04.

Dynatrace Trading Down 1.1 %

NYSE:DT opened at $61.68 on Tuesday. The stock has a market capitalization of $18.46 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 7.06 and a beta of 1.04. Dynatrace has a 1 year low of $39.42 and a 1 year high of $63.00. The firm has a 50 day moving average of $55.87 and a 200-day moving average of $53.66.

Insiders Place Their Bets

In related news, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 127,459 shares of company stock worth $7,634,682. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its position in Dynatrace by 46.7% in the 3rd quarter. Creative Planning now owns 25,892 shares of the company’s stock valued at $1,384,000 after acquiring an additional 8,247 shares in the last quarter. Blue Trust Inc. increased its holdings in Dynatrace by 76.1% during the 3rd quarter. Blue Trust Inc. now owns 9,622 shares of the company’s stock worth $514,000 after purchasing an additional 4,158 shares in the last quarter. Raymond James & Associates raised its stake in shares of Dynatrace by 12.1% in the 3rd quarter. Raymond James & Associates now owns 311,104 shares of the company’s stock valued at $16,635,000 after purchasing an additional 33,466 shares during the period. Kessler Investment Group LLC bought a new stake in shares of Dynatrace in the third quarter valued at about $6,585,000. Finally, Signaturefd LLC boosted its position in shares of Dynatrace by 31.0% during the third quarter. Signaturefd LLC now owns 4,389 shares of the company’s stock worth $235,000 after buying an additional 1,038 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.