Barclays Forecasts Strong Price Appreciation for Dynatrace (NYSE:DT) Stock

Dynatrace (NYSE:DT) had its target price lifted by analysts at Barclays from $64.00 to $67.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 14.20% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. UBS Group initiated coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. BMO Capital Markets increased their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Guggenheim increased their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.48.

Dynatrace Trading Up 0.1 %

Shares of NYSE DT traded up $0.04 on Friday, reaching $58.67. 119,184 shares of the company traded hands, compared to its average volume of 3,357,408. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company has a 50 day moving average of $54.27 and a 200 day moving average of $49.46. The stock has a market capitalization of $17.51 billion, a PE ratio of 106.67, a P/E/G ratio of 8.37 and a beta of 1.01.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Large investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. acquired a new position in shares of Dynatrace during the second quarter valued at $26,000. Riverview Trust Co increased its holdings 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 purchasing an additional 257 shares during the period. Paladin Wealth LLC acquired a new position in shares of Dynatrace during the third quarter valued at $38,000. UMB Bank n.a. increased its holdings in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in shares of Dynatrace during the second quarter valued at $32,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Company Profile

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.