Dynatrace (NYSE:DT) Given “Buy” Rating at Rosenblatt Securities

Dynatrace (NYSE:DT)‘s stock had its “buy” rating reissued by Rosenblatt Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $65.00 price target on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 12.07% from the company’s previous close.

A number of other equities analysts have also commented on DT. Royal Bank of Canada raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. BMO Capital Markets upped their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research report on Wednesday, January 22nd. Finally, UBS Group began coverage on shares of Dynatrace in a report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price target for the company. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.68.

Dynatrace Price Performance

Shares of DT opened at $58.00 on Wednesday. The company has a 50-day moving average of $54.53 and a two-hundred day moving average of $51.85. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of 105.45, a PEG ratio of 7.94 and a beta of 1.02. Dynatrace has a one year low of $39.42 and a one year high of $61.41.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Holocene Advisors LP acquired a new position in shares of Dynatrace during the third quarter worth approximately $126,592,000. State Street Corp raised its stake in Dynatrace by 14.6% during the 3rd 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. Barclays PLC raised its stake in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after purchasing an additional 981,964 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after purchasing an additional 884,673 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in Dynatrace by 31.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after purchasing an additional 648,808 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.