Dynatrace’s (DT) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Dynatrace (NYSE:DT) in a research report sent to investors on Tuesday morning,Benzinga reports.

Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $62.04.

Dynatrace Stock Performance

NYSE:DT opened at $61.28 on Tuesday. The company has a fifty day moving average of $55.97 and a two-hundred day moving average of $53.71. The stock has a market capitalization of $18.34 billion, a PE ratio of 38.30, a P/E/G ratio of 7.18 and a beta of 1.04. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $63.00.

Insider Buying and Selling at Dynatrace

In other news, CFO James M. Benson sold 34,932 shares of the 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 owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,459 shares of company stock valued at $7,634,682 over the last 90 days. 0.59% of the stock is owned by insiders.

Institutional Trading of Dynatrace

Several hedge funds have recently added to or reduced their stakes in DT. Vanguard Group Inc. increased its stake in Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock valued at $1,639,260,000 after purchasing an additional 484,877 shares during the last quarter. State Street Corp increased its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. Janus Henderson Group PLC increased its stake in Dynatrace by 5.6% in the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock valued at $508,811,000 after purchasing an additional 493,987 shares during the last quarter. American Century Companies Inc. increased its stake in Dynatrace by 10.2% in the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock valued at $411,449,000 after purchasing an additional 700,332 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Dynatrace by 13.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock valued at $381,860,000 after purchasing an additional 834,225 shares during the last quarter. Institutional investors and hedge funds 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.