Dynatrace (NYSE:DT) Stock Rating Reaffirmed by Needham & Company LLC

Dynatrace (NYSE:DT)‘s stock had its “hold” rating reaffirmed by research analysts at Needham & Company LLC in a note issued to investors on Friday, Benzinga reports.

Other research analysts have also issued research reports about the stock. Robert W. Baird cut their price target on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. TD Cowen cut their price target on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. dropped their price objective on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st. Barclays dropped their price objective on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Finally, Rosenblatt Securities lifted their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.54.

Dynatrace Price Performance

Dynatrace stock opened at $47.60 on Friday. Dynatrace has a 12-month low of $43.29 and a 12-month high of $61.41. The stock has a market capitalization of $14.01 billion, a P/E ratio of 91.54, a P/E/G ratio of 6.99 and a beta of 1.06. The firm’s 50-day moving average is $46.40 and its two-hundred day moving average is $50.85.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds have recently added to or reduced their stakes in the company. Burney Co. lifted its position in shares of Dynatrace by 9.8% during the 1st quarter. Burney Co. now owns 166,558 shares of the company’s stock valued at $7,735,000 after acquiring an additional 14,831 shares during the period. Swedbank AB bought a new stake in shares of Dynatrace during the 1st quarter worth $4,619,000. Virtu Financial LLC bought a new stake in shares of Dynatrace during the 1st quarter worth $600,000. Artal Group S.A. bought a new stake in shares of Dynatrace during the 1st quarter worth $1,672,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Dynatrace during the 1st quarter worth $423,000. 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.