Dynatrace's (DT) "Neutral" Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of Dynatrace (NYSE:DT - Free Report) in a research note published on Thursday morning, Benzinga reports. They currently have a $55.00 price objective on the stock.

Other equities analysts have also issued reports about the company. Scotiabank lifted their price objective on Dynatrace from $62.00 to $70.00 and gave the company a sector outperform rating in a research note on Monday, February 5th. Needham & Company LLC reaffirmed a hold rating on shares of Dynatrace in a research report on Thursday. BMO Capital Markets dropped their price objective on shares of Dynatrace from $63.00 to $55.00 and set an outperform rating for the company in a research report on Wednesday, May 8th. Royal Bank of Canada restated an outperform rating and set a $66.00 target price on shares of Dynatrace in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. lowered their price target on Dynatrace from $65.00 to $60.00 and set an overweight rating for the company in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $61.54.

Dynatrace Stock Performance

Dynatrace stock traded up $0.72 during trading on Thursday, hitting $48.47. The company's stock had a trading volume of 10,406,433 shares, compared to its average volume of 3,677,493. The stock's fifty day moving average is $46.24 and its 200 day moving average is $50.77. Dynatrace has a 1-year low of $43.29 and a 1-year high of $61.41. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 73.44, a P/E/G ratio of 3.96 and a beta of 1.06.

Insider Buying and Selling at Dynatrace

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

Institutional Trading of Dynatrace

Several large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Dynatrace by 34.5% during the third quarter. Commonwealth Equity Services LLC now owns 30,107 shares of the company's stock worth $1,407,000 after purchasing an additional 7,720 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Dynatrace during the 3rd quarter valued at $290,000. TD Asset Management Inc grew its holdings in shares of Dynatrace by 10.4% during the 3rd quarter. TD Asset Management Inc now owns 14,904 shares of the company's stock valued at $696,000 after acquiring an additional 1,400 shares in the last quarter. Assetmark Inc. increased its stake in shares of Dynatrace by 28.8% in the third quarter. Assetmark Inc. now owns 14,444 shares of the company's stock worth $675,000 after acquiring an additional 3,230 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Dynatrace by 19.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 538,373 shares of the company's stock worth $25,158,000 after acquiring an additional 87,132 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.