Dynatrace (NYSE:DT) Cut to Neutral at Guggenheim

Guggenheim downgraded shares of Dynatrace (NYSE:DT) from a buy rating to a neutral rating in a research note published on Monday, MarketBeat.com reports.

A number of other analysts have also recently commented on the company. Scotiabank lifted their price target on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Rosenblatt Securities restated a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research note on Wednesday, November 6th. Barclays increased their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets boosted their target price 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. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Dynatrace Trading Down 0.2 %

Shares of Dynatrace stock opened at $52.17 on Monday. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.41. The firm’s 50 day simple moving average is $54.74 and its two-hundred day simple moving average is $50.94. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 94.85, a PEG ratio of 8.20 and a beta of 1.02.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s 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 transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,027 shares of company stock valued at $3,168,084. 0.59% of the stock is owned by insiders.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently modified their holdings of DT. Diversified Trust Co acquired a new stake in shares of Dynatrace during the fourth quarter valued at about $748,000. Nordea Investment Management AB boosted its position in shares of Dynatrace by 8.4% during the 4th quarter. Nordea Investment Management AB now owns 20,444 shares of the company’s stock worth $1,113,000 after purchasing an additional 1,577 shares during the period. Everence Capital Management Inc. acquired a new stake in Dynatrace in the 4th quarter valued at approximately $469,000. GAMMA Investing LLC raised its position in Dynatrace by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 3,637 shares of the company’s stock valued at $198,000 after purchasing an additional 1,680 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after purchasing an additional 206 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.