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

Rosenblatt Securities reaffirmed their buy rating on shares of Dynatrace (NYSE:DT) in a research report sent to investors on Tuesday,Benzinga reports. Rosenblatt Securities currently has a $67.00 price target on the stock.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Loop Capital dropped their target price on shares of Dynatrace from $55.00 to $44.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Scotiabank raised their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Morgan Stanley dropped their price target on shares of Dynatrace from $62.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $61.22.

Dynatrace Trading Down 0.9%

Shares of DT stock opened at $53.03 on Tuesday. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00. The firm’s 50 day moving average is $46.90 and its 200 day moving average is $52.64. The stock has a market capitalization of $15.87 billion, a P/E ratio of 33.14, a P/E/G ratio of 7.05 and a beta of 0.95.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. increased its holdings in Dynatrace by 16.9% in the 4th 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 in the 4th quarter valued at $842,000. Allstate Corp bought a new stake in Dynatrace in the 4th quarter valued at $471,000. Artemis Investment Management LLP increased its holdings in Dynatrace by 18.4% in the 4th 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 in the 4th quarter valued at $571,000. 94.28% of the stock is currently owned by 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.