Dynatrace (NYSE:DT) Given “Neutral” Rating at Guggenheim

Dynatrace (NYSE:DT)‘s stock had its “neutral” rating restated by equities research analysts at Guggenheim in a report issued on Friday,Benzinga reports.

A number of other equities research analysts have also commented on DT. Wedbush began coverage on shares of Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective on the stock. UBS Group assumed coverage on Dynatrace in a report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Friday. Jefferies Financial Group upped their price target on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, BNP Paribas assumed coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $61.96.

Dynatrace Trading Up 0.8 %

Shares of NYSE:DT traded up $0.49 during trading on Friday, hitting $58.26. 406,658 shares of the company’s stock traded hands, compared to its average volume of 3,567,704. The company has a 50-day moving average price of $54.75 and a 200-day moving average price of $51.92. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a market cap of $17.39 billion, a price-to-earnings ratio of 105.93, a price-to-earnings-growth ratio of 8.34 and a beta of 1.02.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

A number of hedge funds have recently bought and sold shares of DT. Holocene Advisors LP acquired a new stake in Dynatrace during the third quarter worth approximately $126,592,000. State Street Corp lifted its position in shares of Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the period. Barclays PLC grew its holdings in shares of Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after purchasing an additional 981,964 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Dynatrace by 31.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after purchasing an additional 648,808 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Company Profile

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.