Dynatrace (NYSE:DT) Downgraded to “Neutral” Rating by Guggenheim

Dynatrace (NYSE:DT) was downgraded by Guggenheim from a “buy” rating to a “neutral” rating in a report released on Monday,Finviz reports.

A number of other research firms have also recently commented on DT. BTIG Research lifted their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wedbush started coverage on Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Dynatrace Stock Performance

DT opened at $54.81 on Monday. The business’s 50-day simple moving average is $54.86 and its 200 day simple moving average is $50.81. The firm has a market capitalization of $16.36 billion, a PE ratio of 99.65, a PEG ratio of 8.20 and a beta of 1.02. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the company’s 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 transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,027 shares of company stock valued at $3,168,084. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Dynatrace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eminence Capital LP acquired a new position in shares of Dynatrace during the second quarter valued at about $158,369,000. Holocene Advisors LP acquired a new position in Dynatrace during the 3rd quarter valued at about $126,592,000. State Street Corp boosted its stake in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. Marshall Wace LLP increased its holdings in Dynatrace by 285.7% during the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after purchasing an additional 1,029,387 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Dynatrace by 85.3% in the third 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 last quarter. 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.