Dynatrace, Inc. (NYSE:DT) Receives $63.35 Consensus Target Price from Brokerages

Shares of Dynatrace, Inc. (NYSE:DT) have been given an average rating of “Moderate Buy” by the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $63.13.

DT has been the topic of several research analyst reports. Stifel Nicolaus increased their price target 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. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. UBS Group upped their price target on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Finally, Royal Bank of Canada increased their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st.

Dynatrace Price Performance

NYSE DT opened at $43.04 on Friday. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. Dynatrace has a 12 month low of $39.30 and a 12 month high of $63.00. The company’s fifty day moving average price is $52.65 and its two-hundred day moving average price is $53.80.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the business’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 sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’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 transaction, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 over the last ninety days. Company insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace during the fourth quarter worth $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares during the last quarter. Coppell Advisory Solutions LLC boosted its position in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after purchasing an additional 669 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after purchasing an additional 256 shares in the last quarter. 94.28% of the stock is 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.