Dynatrace (NYSE:DT) Hits New 1-Year High – Should You Buy?

Dynatrace, Inc. (NYSE:DT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $61.24 and last traded at $61.00, with a volume of 164721 shares traded. The stock had previously closed at $60.43.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Thursday. Wedbush reissued an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. UBS Group boosted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Finally, Loop Capital boosted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $62.08.

Dynatrace Trading Up 0.2 %

The business’s fifty day simple moving average is $55.05 and its 200-day simple moving average is $52.41. The firm has a market cap of $18.12 billion, a P/E ratio of 37.83, a price-to-earnings-growth ratio of 8.37 and a beta of 1.04.

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 shares were 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 owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.59% of the stock is owned by company insiders.

Institutional Trading of Dynatrace

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dynatrace by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,052,244 shares of the company’s stock valued at $111,539,000 after buying an additional 58,858 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Dynatrace by 173.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after acquiring an additional 911 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in Dynatrace during the fourth quarter worth about $25,544,000. SBI Securities Co. Ltd. purchased a new stake in Dynatrace in the fourth quarter worth about $38,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Dynatrace by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,813 shares of the company’s stock valued at $99,000 after purchasing an additional 482 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.