Dynatrace's (DT) Buy Rating Reiterated at Rosenblatt Securities

Dynatrace (NYSE:DT - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $67.00 price target on the stock. Rosenblatt Securities' price objective suggests a potential upside of 25.60% from the stock's current price.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Jefferies Financial Group lowered their price objective on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Wedbush restated an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Finally, Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of "Moderate Buy" and an average price target of $61.22.

Dynatrace Price Performance

DT traded up $0.32 during trading on Tuesday, hitting $53.35. 2,887,961 shares of the stock traded hands, compared to its average volume of 3,131,837. Dynatrace has a twelve month low of $39.30 and a twelve month high of $63.00. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 7.05 and a beta of 0.95. The business has a 50 day moving average price of $46.90 and a 200 day moving average price of $52.64.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the sale, the chief executive officer now 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is currently owned by company insiders.

Institutional Trading of Dynatrace

Institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its position in Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock valued at $3,484,000 after acquiring an additional 9,251 shares during the last quarter. OFI Invest Asset Management bought a new stake in Dynatrace during the fourth quarter valued at $842,000. Allstate Corp bought a new stake in Dynatrace during the fourth quarter valued at $471,000. Artemis Investment Management LLP boosted its position in Dynatrace by 18.4% during the fourth quarter. Artemis Investment Management LLP now owns 343,161 shares of the company's stock valued at $18,651,000 after acquiring an additional 53,271 shares during the last quarter. Finally, Metis Global Partners LLC bought a new stake in Dynatrace during the fourth quarter valued at $571,000. Institutional investors 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.