Dynatrace (NYSE:DT) Given New $60.00 Price Target at Jefferies Financial Group

Dynatrace (NYSE:DT) had its price objective lowered by research analysts at Jefferies Financial Group from $65.00 to $60.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 47.43% from the stock’s current price.

A number of other equities analysts have also weighed in on DT. Royal Bank of Canada upped their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Morgan Stanley upped their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Scotiabank upped their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Finally, UBS Group lifted their price objective 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. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.13.

Dynatrace Price Performance

Shares of DT stock traded down $1.31 on Monday, hitting $40.70. 351,791 shares of the stock traded hands, compared to its average volume of 3,207,451. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 7.05 and a beta of 1.05. The firm has a 50 day simple moving average of $54.75 and a two-hundred day simple moving average of $54.27.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DT. Versant Capital Management Inc increased its holdings in shares of Dynatrace by 308.8% during the first quarter. Versant Capital Management Inc now owns 7,903 shares of the company’s stock valued at $373,000 after acquiring an additional 5,970 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock valued at $46,000 after purchasing an additional 256 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Dynatrace by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 395,384 shares of the company’s stock worth $21,489,000 after buying an additional 2,039 shares during the last quarter. 111 Capital acquired a new stake in shares of Dynatrace during the fourth quarter worth $587,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Dynatrace by 26.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,885 shares of the company’s stock valued at $755,000 after buying an additional 2,902 shares during 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.