Analysts Set Dynatrace, Inc. (NYSE:DT) Price Target at $61.74

Dynatrace, Inc. (NYSE:DT) has been given a consensus rating of “Moderate Buy” by the twenty-five ratings firms that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $62.04.

A number of brokerages have recently issued reports on DT. Stifel Nicolaus boosted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday. Scotiabank increased their price target on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Truist Financial increased their price target on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Loop Capital increased their price target on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,459 shares of company stock valued at $7,634,682. Insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Several institutional investors have recently added to or reduced their stakes in DT. CWM LLC lifted its stake in Dynatrace by 199.8% in the third quarter. CWM LLC now owns 7,066 shares of the company’s stock worth $378,000 after purchasing an additional 4,709 shares during the last quarter. Creative Planning raised its stake in shares of Dynatrace by 46.7% during the third quarter. Creative Planning now owns 25,892 shares of the company’s stock valued at $1,384,000 after acquiring an additional 8,247 shares in the last quarter. Swedbank AB raised its stake in shares of Dynatrace by 15.1% during the third quarter. Swedbank AB now owns 92,862 shares of the company’s stock valued at $4,965,000 after acquiring an additional 12,200 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in shares of Dynatrace during the third quarter valued at approximately $335,000. Finally, Riverview Trust Co raised its stake in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT stock opened at $61.68 on Friday. Dynatrace has a 1 year low of $39.42 and a 1 year high of $63.00. The firm has a fifty day moving average price of $55.87 and a 200-day moving average price of $53.66. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 7.06 and a beta of 1.04.

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.