Dynatrace, Inc. (NYSE:DT) Given Average Rating of “Moderate Buy” by Brokerages

Dynatrace, Inc. (NYSE:DT) has received an average recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $63.25.

DT has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. DA Davidson set a $70.00 target price on shares of Dynatrace in a report on Friday, January 31st. Royal Bank of Canada upped their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th.

Dynatrace Trading Up 2.4 %

NYSE:DT opened at $48.45 on Wednesday. Dynatrace has a 12 month low of $39.42 and a 12 month high of $63.00. The company has a market cap of $14.50 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The company has a 50 day simple moving average of $55.85 and a two-hundred day simple moving average of $54.48.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 in the last three months. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently bought and sold shares of DT. Smartleaf Asset Management LLC lifted its position in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace in the fourth quarter worth $38,000. Nisa Investment Advisors LLC raised its holdings in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after buying an additional 530 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after buying an additional 669 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after buying an additional 606 shares during the last quarter. 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.