Dynatrace’s (DT) Neutral Rating Reiterated at Guggenheim

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

A number of other research firms have also recently weighed in on DT. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Loop Capital increased their price target on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. BNP Paribas began coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target on the stock. Truist Financial increased their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets increased their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.68.

Dynatrace Trading Up 1.6 %

NYSE DT opened at $55.64 on Wednesday. The company has a market cap of $16.61 billion, a PE ratio of 101.16, a PEG ratio of 7.94 and a beta of 1.02. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a 50 day moving average of $54.25 and a 200-day moving average of $51.47.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated Wednesday, December 4th. The stock was 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 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 SEC, which can be accessed through the SEC website. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Dynatrace

A number of hedge funds have recently made changes to their positions in the company. Trust Point Inc. acquired a new stake in shares of Dynatrace during the fourth quarter valued at about $245,000. Financial Life Planners acquired a new stake in shares of Dynatrace during the fourth quarter valued at about $83,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Dynatrace by 13.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,175 shares of the company’s stock valued at $607,000 after purchasing an additional 1,359 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Dynatrace during the fourth quarter valued at about $626,000. Finally, Swedbank AB boosted its stake in shares of Dynatrace by 34.3% during the fourth quarter. Swedbank AB now owns 124,726 shares of the company’s stock valued at $6,779,000 after purchasing an additional 31,864 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.