Dynatrace (NYSE:DT) Receives "Hold" Rating from Needham & Company LLC

Dynatrace (NYSE:DT - Get Free Report)'s stock had its "hold" rating reissued by research analysts at Needham & Company LLC in a report released on Monday, Marketbeat Ratings reports.

A number of other equities analysts have also recently issued reports on the stock. Truist Financial increased their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. lowered their price target on shares of Dynatrace from $69.00 to $65.00 and set an "overweight" rating on the stock in a research report on Friday, February 9th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 price target on shares of Dynatrace in a report on Friday, February 9th. JMP Securities increased their price objective on Dynatrace from $56.00 to $68.00 and gave the stock a "market outperform" rating in a report on Friday, February 2nd. Finally, Wolfe Research began coverage on shares of Dynatrace in a research report on Monday, March 18th. They issued an "outperform" rating and a $60.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.04.

Dynatrace Trading Down 1.5 %

DT stock traded down $0.70 during midday trading on Monday, hitting $45.74. The stock had a trading volume of 2,566,375 shares, compared to its average volume of 3,618,632. The business has a fifty day moving average price of $51.30 and a two-hundred day moving average price of $50.96. Dynatrace has a 1-year low of $40.27 and a 1-year high of $61.41. The firm has a market cap of $13.46 billion, a P/E ratio of 69.30, a price-to-earnings-growth ratio of 4.72 and a beta of 1.08.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. On average, equities analysts anticipate that Dynatrace will post 0.62 EPS for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, SVP Dan Zugelder sold 6,596 shares of Dynatrace stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $56.25, for a total value of $371,025.00. Following the transaction, the senior vice president now directly owns 96,020 shares of the company's stock, valued at approximately $5,401,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Dan Zugelder sold 6,596 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total value of $371,025.00. Following the transaction, the senior vice president now owns 96,020 shares of the company's stock, valued at approximately $5,401,125. The disclosure for this sale can be found here. Insiders have sold 14,285,187 shares of company stock worth $751,264,421 over the last ninety days. Insiders own 0.54% of the company's stock.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new stake in shares of Dynatrace during the 4th quarter valued at $25,000. DSM Capital Partners LLC purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $28,000. NewSquare Capital LLC bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $32,000. Quarry LP bought a new position in Dynatrace during the 1st quarter valued at approximately $26,000. Finally, Advisory Services Network LLC raised its stake in Dynatrace by 50.9% during the first quarter. Advisory Services Network LLC now owns 661 shares of the company's stock valued at $28,000 after buying an additional 223 shares during the last quarter. 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. 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.