Dynatrace (NYSE:DT) Earns Neutral Rating from Analysts at UBS Group

Equities researchers at UBS Group started coverage on shares of Dynatrace (NYSE:DT) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $58.00 price target on the stock. UBS Group’s target price suggests a potential upside of 4.27% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Loop Capital lifted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group upped their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets lifted 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. Scotiabank boosted their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Finally, Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $52.00 to $64.00 in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $61.36.

Dynatrace Price Performance

NYSE:DT opened at $55.63 on Wednesday. The firm has a market capitalization of $16.60 billion, a price-to-earnings ratio of 101.14, a price-to-earnings-growth ratio of 8.09 and a beta of 1.06. The business has a fifty day moving average price of $53.59 and a 200-day moving average price of $49.01. Dynatrace has a one year low of $39.42 and a one year high of $61.41.

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock valued at $3,397,904 over the last ninety days. 0.59% of the stock is owned by company insiders.

Institutional Trading of Dynatrace

Hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after buying an additional 1,207,621 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after buying an additional 782,588 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares during the period. RGM Capital LLC raised its stake in Dynatrace by 12.8% in the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after acquiring an additional 494,028 shares during the last quarter. Finally, Eminence Capital LP acquired a new stake in Dynatrace during the 2nd quarter worth about $158,369,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.