Dynatrace (NYSE:DT) Earns Buy Rating from Rosenblatt Securities

Dynatrace (NYSE:DT)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a research report issued on Thursday,Benzinga reports. They currently have a $67.00 price target on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 10.78% from the stock’s previous close.

Several other research firms have also commented on DT. Royal Bank of Canada increased their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays upped their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Truist Financial increased their price target on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley lifted their target price on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald reduced their price objective on Dynatrace from $58.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $62.08.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $60.48 on Thursday. The firm’s 50 day simple moving average is $55.05 and its 200-day simple moving average is $52.41. The firm has a market cap of $18.10 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 8.37 and a beta of 1.04. Dynatrace has a one year low of $39.42 and a one year high of $61.00.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.59% of the stock is owned by insiders.

Institutional Trading of Dynatrace

Several institutional investors and hedge funds have recently made changes to their positions in DT. Smartleaf Asset Management LLC raised its position in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares during the last quarter. Riverview Trust Co grew its stake in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the period. SBI Securities Co. Ltd. acquired a new position in Dynatrace in the 4th quarter valued at $38,000. Paladin Wealth LLC acquired a new position in Dynatrace in the 3rd quarter valued at $38,000. Finally, UMB Bank n.a. lifted its stake in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the period. 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.