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

Dynatrace (NYSE:DT)‘s stock had its “neutral” rating restated by equities researchers at Guggenheim in a research report issued to clients and investors on Wednesday,Benzinga reports.

Several other brokerages also recently weighed in on DT. BMO Capital Markets boosted their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Scotiabank increased their price target on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Barclays raised their target price on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. BNP Paribas began coverage on Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $61.92.

Dynatrace Stock Performance

DT traded up $1.04 during trading on Wednesday, reaching $54.26. The company’s stock had a trading volume of 1,124,978 shares, compared to its average volume of 2,836,060. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41. The company’s fifty day moving average price is $54.22 and its 200-day moving average price is $51.42. The company has a market capitalization of $16.20 billion, a price-to-earnings ratio of 98.47, a price-to-earnings-growth ratio of 7.49 and a beta of 1.02.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value 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 approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is currently owned by company insiders.

Institutional Trading of Dynatrace

Institutional investors have recently made changes to their positions in the company. Riverview Trust Co raised its position in 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. Paladin Wealth LLC purchased a new stake in Dynatrace in the third quarter valued at $38,000. UMB Bank n.a. raised its position in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the period. Nisa Investment Advisors LLC raised its position in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in Dynatrace in the third quarter valued at $52,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.