Dynatrace (NYSE:DT) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Dynatrace (NYSE:DT) had its price objective hoisted by Stifel Nicolaus from $65.00 to $69.00 in a research note released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also commented on the company. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. BTIG Research raised their price objective on 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 raised their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays raised their price objective on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.96.

Dynatrace Trading Down 2.4 %

NYSE:DT opened at $59.79 on Wednesday. The stock has a 50 day simple moving average of $56.08 and a 200 day simple moving average of $53.84. Dynatrace has a 1-year low of $39.42 and a 1-year high of $63.00. The stock has a market cap of $17.90 billion, a P/E ratio of 37.37, a PEG ratio of 7.10 and a beta of 1.04.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated Wednesday, December 4th. The stock was 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 of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. The trade was 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 167,459 shares of company stock valued at $10,052,682 in the last 90 days. 0.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Forum Financial Management LP acquired a new position in Dynatrace during the 4th quarter worth about $258,000. Toronto Dominion Bank lifted its holdings in Dynatrace by 10.0% during the 4th quarter. Toronto Dominion Bank now owns 49,012 shares of the company’s stock worth $2,663,000 after buying an additional 4,443 shares during the period. Cache Advisors LLC acquired a new position in Dynatrace during the 4th quarter worth about $506,000. Public Employees Retirement System of Ohio lifted its holdings in Dynatrace by 4.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 146,580 shares of the company’s stock worth $7,967,000 after buying an additional 5,728 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Dynatrace by 53.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company’s stock worth $211,707,000 after buying an additional 1,350,794 shares during the period. 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.