Dynatrace (NYSE:DT) Earns Buy Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Dynatrace (NYSE:DT) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $67.00 target price on the stock.

A number of other analysts also recently weighed in on the stock. DA Davidson reduced their target price on shares of Dynatrace from $70.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Loop Capital dropped their price target on shares of Dynatrace from $55.00 to $44.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Barclays dropped their price target on shares of Dynatrace from $67.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Finally, UBS Group dropped their price target on shares of Dynatrace from $62.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.22.

Dynatrace Stock Down 0.9%

Dynatrace stock opened at $53.03 on Tuesday. The company’s 50-day moving average price is $46.90 and its 200-day moving average price is $52.64. Dynatrace has a twelve month low of $39.30 and a twelve month high of $63.00. The company has a market cap of $15.87 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This represents a 7.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

Several hedge funds have recently modified their holdings of DT. Barclays PLC lifted its position in shares of Dynatrace by 85.3% in the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after purchasing an additional 981,964 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Dynatrace by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,291 shares of the company’s stock worth $604,000 after purchasing an additional 308 shares during the period. Cooper Financial Group lifted its position in shares of Dynatrace by 6.0% in the 4th quarter. Cooper Financial Group now owns 15,391 shares of the company’s stock worth $837,000 after purchasing an additional 871 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Dynatrace by 464.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 711,756 shares of the company’s stock worth $38,684,000 after purchasing an additional 585,675 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Dynatrace by 20.4% in the 4th quarter. Park Avenue Securities LLC now owns 29,600 shares of the company’s stock worth $1,609,000 after purchasing an additional 5,023 shares during the period. Hedge funds and other institutional investors 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.