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

Dynatrace, Inc. (NYSE:DT) has been given an average recommendation of “Moderate Buy” by the twenty-four analysts that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $61.96.

Several research firms have commented on DT. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Stifel Nicolaus lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,459 shares of company stock worth $10,052,682. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Riverview Trust Co lifted its position in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Dynatrace during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC lifted its position in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares during the period. Finally, Coppell Advisory Solutions LLC lifted its position in shares of Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after acquiring an additional 669 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Down 2.4 %

DT stock opened at $59.79 on Friday. Dynatrace has a 12 month low of $39.42 and a 12 month high of $63.00. The firm has a market cap of $17.90 billion, a P/E ratio of 37.37, a P/E/G ratio of 7.10 and a beta of 1.04. The company’s 50-day moving average price is $56.08 and its two-hundred day moving average price is $53.84.

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.