Brokerages Set Dynatrace, Inc. (NYSE:DT) Target Price at $60.41

by · The Markets Daily

Shares of Dynatrace, Inc. (NYSE:DT – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $60.41.

A number of analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Wedbush restated an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. DA Davidson lowered their target price on shares of Dynatrace from $70.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Loop Capital cut their price target on Dynatrace from $55.00 to $44.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Finally, BMO Capital Markets decreased their target price on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, March 17th.

Read Our Latest Stock Analysis on Dynatrace

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were 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. The trade was 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 the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock valued at $7,159,599 over the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of large investors have recently bought and sold shares of DT. Mackenzie Financial Corp bought a new position in shares of Dynatrace in the first quarter valued at approximately $391,000. LPL Financial LLC grew its holdings in shares of Dynatrace by 9.1% during the 1st quarter. LPL Financial LLC now owns 222,688 shares of the company’s stock worth $10,268,000 after purchasing an additional 18,600 shares in the last quarter. TD Asset Management Inc increased its holdings in Dynatrace by 1.6% in the 1st quarter. TD Asset Management Inc now owns 25,939 shares of the company’s stock valued at $1,223,000 after buying an additional 417 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Dynatrace by 1.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 90,397 shares of the company’s stock valued at $4,262,000 after acquiring an additional 1,400 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in shares of Dynatrace by 75.0% in the 1st quarter. Pacer Advisors Inc. now owns 249,783 shares of the company’s stock worth $11,777,000 after buying an additional 107,035 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Trading Up 1.1 %

Shares of DT stock opened at $47.89 on Thursday. The firm has a fifty day simple moving average of $47.25 and a 200-day simple moving average of $52.77. The company has a market capitalization of $14.34 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. Dynatrace has a twelve month low of $39.30 and a twelve month high of $63.00.

Dynatrace Company Profile

(Get Free Report

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.

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