Dynatrace, Inc. (NYSE:DT) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-three research firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $60.41.

A number of equities analysts recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. BMO Capital Markets dropped their target price on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Morgan Stanley reduced their price target on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Finally, Jefferies Financial Group reduced their target price on Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 7th.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at approximately $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Dynatrace during the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC lifted its stake in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after acquiring an additional 530 shares during the period. Coppell Advisory Solutions LLC boosted its holdings in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares during the last quarter. Finally, CX Institutional acquired a new stake in shares of Dynatrace in the first quarter worth $40,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Down 0.8 %

Shares of DT opened at $46.95 on Thursday. The business has a fifty day moving average of $48.31 and a 200 day moving average of $53.00. The company has a market cap of $14.05 billion, a PE ratio of 29.34, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace has a 52-week low of $39.30 and a 52-week high of $63.00.

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.

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