Dynatrace (NYSE:DT) Downgraded by Guggenheim to “Neutral”

Dynatrace (NYSE:DT) was downgraded by equities researchers at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat reports.

Several other equities research analysts have also recently commented on DT. BMO Capital Markets boosted their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada lifted their target price on Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. BNP Paribas started coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target for the company. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Finally, Barclays increased their target price on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.08.

Dynatrace Stock Performance

Shares of DT stock opened at $52.19 on Monday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The company’s 50 day moving average price is $54.79 and its two-hundred day moving average price is $50.94. The company has a market capitalization of $15.58 billion, a P/E ratio of 94.89, a price-to-earnings-growth ratio of 8.20 and a beta of 1.02.

Insider Buying and Selling at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,027 shares of company stock valued at $3,168,084 in the last quarter. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Large investors have recently modified their holdings of the business. Cullen Frost Bankers Inc. acquired a new stake in Dynatrace in the second quarter valued at approximately $26,000. Riverview Trust Co boosted its holdings in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares in the last quarter. UMB Bank n.a. grew its position in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after acquiring an additional 535 shares during the last quarter. Paladin Wealth LLC acquired a new position in Dynatrace in the 3rd quarter worth about $38,000. Finally, Capital Performance Advisors LLP bought a new position in Dynatrace in the third quarter valued at about $52,000. Institutional investors and hedge funds 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.