Dynatrace’s (DT) Buy Rating Reiterated at Rosenblatt Securities

Dynatrace (NYSE:DT)‘s stock had its “buy” rating restated by investment analysts at Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $67.00 price target on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 32.85% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Loop Capital cut their price objective on shares of Dynatrace from $55.00 to $44.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.41.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $50.43 on Tuesday. Dynatrace has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a market capitalization of $15.10 billion, a P/E ratio of 31.52, a P/E/G ratio of 7.05 and a beta of 0.95. The stock has a 50 day moving average price of $46.87 and a 200-day moving average price of $52.66.

Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at $20,696,194.20. The trade was a 9.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,932 shares of company stock valued at $7,007,399 in the last 90 days. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Dynatrace

Several large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its stake in shares of Dynatrace by 117.7% during the 1st quarter. Russell Investments Group Ltd. now owns 308,656 shares of the company’s stock worth $14,553,000 after acquiring an additional 166,899 shares during the last quarter. Prudential PLC grew its holdings in Dynatrace by 63.6% during the first quarter. Prudential PLC now owns 39,548 shares of the company’s stock valued at $1,865,000 after purchasing an additional 15,376 shares during the period. Resona Asset Management Co. Ltd. increased its position in Dynatrace by 6.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 106,364 shares of the company’s stock worth $5,029,000 after buying an additional 6,551 shares in the last quarter. HighTower Advisors LLC increased its position in Dynatrace by 29.3% in the first quarter. HighTower Advisors LLC now owns 33,558 shares of the company’s stock worth $1,582,000 after buying an additional 7,606 shares in the last quarter. Finally, AGF Management Ltd. raised its stake in shares of Dynatrace by 5.6% in the first quarter. AGF Management Ltd. now owns 176,145 shares of the company’s stock worth $8,305,000 after buying an additional 9,285 shares during the period. 94.28% of the stock is currently 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.