Dynatrace (NYSE:DT) Sets New 1-Year High – Time to Buy?

Dynatrace, Inc. (NYSE:DT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $61.85 and last traded at $61.43, with a volume of 3120789 shares traded. The stock had previously closed at $61.21.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Jefferies Financial Group boosted their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Barclays raised their price target on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wedbush reissued an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Finally, BTIG Research raised their target price on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and an average price target of $61.74.

Dynatrace Trading Up 0.4 %

The company has a market capitalization of $18.39 billion, a P/E ratio of 38.39, a PEG ratio of 6.93 and a beta of 1.04. The business has a 50 day moving average price of $55.30 and a 200 day moving average price of $52.82.

Insiders Place Their Bets

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the company’s 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 owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,527 shares of company stock worth $3,045,284. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several institutional investors have recently bought and sold shares of DT. Smartleaf Asset Management LLC grew its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares in the last quarter. Versant Capital Management Inc boosted its position in Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after purchasing an additional 206 shares during the last quarter. Virtue Capital Management LLC grew its stake in Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after purchasing an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Dynatrace by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after purchasing an additional 222 shares during the last quarter. Finally, Atria Investments Inc raised its stake in shares of Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares in the last quarter. Institutional investors 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.