Dynatrace (NYSE:DT) Shares Down 3% – What’s Next?

Dynatrace, Inc. (NYSE:DT)’s stock price traded down 3% during trading on Monday . The company traded as low as $52.59 and last traded at $53.14. 321,462 shares traded hands during trading, a decline of 69% from the average session volume of 1,029,811 shares. The stock had previously closed at $54.81.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of recent research reports. BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective on the stock. Loop Capital upped their price objective on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. UBS Group started coverage on Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective on the stock. Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their target price on Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.08.

Dynatrace Trading Down 3.1 %

The stock has a market cap of $15.86 billion, a P/E ratio of 96.60, a PEG ratio of 8.20 and a beta of 1.02. The firm’s 50-day simple moving average is $54.86 and its 200 day simple moving average is $50.81.

Insider Transactions at Dynatrace

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

Institutional Trading of Dynatrace

Several large investors have recently modified their holdings of DT. CIBC Asset Management Inc lifted its holdings in shares of Dynatrace by 39.2% during the 2nd quarter. CIBC Asset Management Inc now owns 9,930 shares of the company’s stock worth $444,000 after acquiring an additional 2,796 shares during the period. Advisor OS LLC increased its position in shares of Dynatrace by 5.7% during the 2nd quarter. Advisor OS LLC now owns 18,188 shares of the company’s stock worth $814,000 after purchasing an additional 981 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Dynatrace during the 2nd quarter worth about $26,000. Otter Creek Advisors LLC acquired a new stake in shares of Dynatrace during the 2nd quarter worth about $1,618,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Dynatrace during the 2nd quarter worth about $382,000. 94.28% of the stock is owned by institutional investors.

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.