Dynatrace, Inc. (NYSE:DT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Dynatrace, Inc. (NYSE:DT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-five analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $61.54.

Several equities research analysts recently weighed in on DT shares. Royal Bank of Canada dropped their price objective on shares of Dynatrace from $66.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday. Rosenblatt Securities boosted their price objective on Dynatrace from $58.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Truist Financial reissued a "buy" rating and issued a $60.00 price objective (down from $70.00) on shares of Dynatrace in a report on Thursday. Robert W. Baird cut their target price on Dynatrace from $65.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, JMP Securities increased their price target on Dynatrace from $56.00 to $68.00 and gave the stock a "market outperform" rating in a research note on Friday, February 2nd.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the transaction, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Rick M. Mcconnell sold 1,991 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the transaction, the chief executive officer now directly owns 514,106 shares of the company's stock, valued at approximately $26,687,242.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares in the company, valued at $22,085,190.45. The disclosure for this sale can be found here. Insiders have sold 29,067 shares of company stock valued at $1,368,368 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DT. Jacobs Levy Equity Management Inc. bought a new stake in Dynatrace during the 1st quarter worth approximately $1,489,000. Janus Henderson Group PLC lifted its holdings in Dynatrace by 8.7% during the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company's stock worth $338,053,000 after buying an additional 583,220 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in Dynatrace in the 1st quarter valued at $133,701,000. Keenan Capital LLC increased its stake in shares of Dynatrace by 3.3% in the 1st quarter. Keenan Capital LLC now owns 848,072 shares of the company's stock valued at $39,384,000 after buying an additional 27,000 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its position in shares of Dynatrace by 35.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 14,419 shares of the company's stock worth $670,000 after acquiring an additional 3,752 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Up 1.5 %

Shares of Dynatrace stock traded up $0.72 on Thursday, hitting $48.47. 10,406,433 shares of the company's stock traded hands, compared to its average volume of 3,677,493. Dynatrace has a 52-week low of $43.29 and a 52-week high of $61.41. The stock has a market cap of $14.27 billion, a P/E ratio of 73.44, a PEG ratio of 3.96 and a beta of 1.06. The firm's 50-day moving average is $46.24 and its 200 day moving average is $50.77.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.