Royal Bank of Canada Increases Dynatrace (NYSE:DT) Price Target to $65.00

Dynatrace (NYSE:DT) had its price target increased by equities researchers at Royal Bank of Canada from $60.00 to $65.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 18.96% from the stock’s previous close.

DT has been the subject of several other reports. Rosenblatt Securities restated a “buy” rating and set a $65.00 price target on shares of Dynatrace in a research note on Wednesday, November 6th. BTIG Research lifted their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Scotiabank lifted their target price on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Finally, Guggenheim increased their price target on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $62.08.

Dynatrace Trading Up 0.5 %

Shares of DT traded up $0.29 during mid-day trading on Friday, reaching $54.64. The company had a trading volume of 201,386 shares, compared to its average volume of 796,978. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a fifty day simple moving average of $54.85 and a 200-day simple moving average of $50.61. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 99.35, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was 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 directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,027 shares of company stock valued at $3,168,084. Corporate insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DT. GAMMA Investing LLC grew its position in Dynatrace by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 3,637 shares of the company’s stock valued at $198,000 after buying an additional 1,680 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after acquiring an additional 206 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after acquiring an additional 64,999 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Dynatrace in the third quarter worth approximately $300,000. Finally, Synovus Financial Corp boosted its stake in Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after purchasing an additional 13,957 shares in the last quarter. 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.