Brokerages Set Dynatrace, Inc. (NYSE:DT) PT at $61.88

Dynatrace, Inc. (NYSE:DT) has been assigned an average rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $61.88.

DT has been the topic of several recent research reports. BTIG Research lifted their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Loop Capital increased their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. Finally, Guggenheim increased their price target 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.

Dynatrace Price Performance

DT stock opened at $54.35 on Friday. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The company has a market cap of $16.22 billion, a PE ratio of 98.82, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. The business’s 50-day simple moving average is $54.85 and its 200 day simple moving average is $50.61.

Insider Activity at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm’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 transaction of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,027 shares of company stock valued at $3,168,084 over the last quarter. Corporate insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DT. Cullen Frost Bankers Inc. bought a new stake in Dynatrace in the second quarter valued at about $26,000. Riverview Trust Co raised its position in shares of Dynatrace by 70.6% in 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. UMB Bank n.a. raised its position in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after acquiring an additional 535 shares during the period. Paladin Wealth LLC acquired a new position in Dynatrace during the third quarter valued at approximately $38,000. Finally, Capital Performance Advisors LLP bought a new stake in Dynatrace in the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.