BMO Capital Markets Cuts Dynatrace (NYSE:DT) Price Target to $60.00

Dynatrace (NYSE:DT) had its price objective cut by BMO Capital Markets from $70.00 to $60.00 in a report issued on Monday morning, Marketbeat.com reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. UBS Group boosted their price target on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Stifel Nicolaus lifted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. DA Davidson set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Finally, Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Stock Up 0.8 %

NYSE:DT opened at $49.54 on Monday. The company has a fifty day simple moving average of $55.68 and a two-hundred day simple moving average of $54.44. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace has a 52 week low of $39.42 and a 52 week high of $63.00.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DT. Dragoneer Investment Group LLC acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $242,380,000. Alyeska Investment Group L.P. acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $204,000,000. Norges Bank acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $192,284,000. Holocene Advisors LP acquired a new stake in shares of Dynatrace in the third quarter valued at approximately $126,592,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $102,209,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.