Barclays Issues Positive Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its target price hoisted by Barclays from $64.00 to $67.00 in a research note issued to investors on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts also recently issued reports on the stock. BTIG Research lifted their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group boosted their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Guggenheim raised their price target on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Scotiabank upped their price objective on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus target price of $61.48.

Dynatrace Price Performance

DT stock opened at $58.32 on Friday. The business’s 50-day moving average is $54.27 and its two-hundred day moving average is $49.46. The firm has a market capitalization of $17.41 billion, a P/E ratio of 106.03, a P/E/G ratio of 8.71 and a beta of 1.01. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,000 shares of company stock worth $5,741,500 over the last 90 days. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of Dynatrace by 385.9% during the 1st quarter. Cetera Investment Advisers now owns 40,685 shares of the company’s stock worth $1,889,000 after buying an additional 32,312 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Dynatrace by 88.7% during the 1st quarter. Cetera Advisors LLC now owns 7,336 shares of the company’s stock worth $341,000 after purchasing an additional 3,448 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Dynatrace by 3.8% during the 2nd quarter. Park Avenue Securities LLC now owns 24,088 shares of the company’s stock worth $1,078,000 after purchasing an additional 886 shares during the last quarter. CWM LLC lifted its stake in Dynatrace by 30.4% in the 2nd quarter. CWM LLC now owns 2,357 shares of the company’s stock valued at $105,000 after buying an additional 550 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Dynatrace by 2.7% during the 2nd quarter. QRG Capital Management Inc. now owns 38,670 shares of the company’s stock valued at $1,730,000 after buying an additional 1,014 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.