Scotiabank Raises Dynatrace (NYSE:DT) Price Target to $67.00

Dynatrace (NYSE:DT) had its price objective upped by analysts at Scotiabank from $62.00 to $67.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 15.89% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Wedbush started coverage on shares of Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Friday. Royal Bank of Canada upped their target price on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald started coverage on shares of Dynatrace in a research report on Friday, January 17th. They issued a “neutral” rating and a $58.00 price target on the stock. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a report on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.24.

Dynatrace Stock Up 0.1 %

DT stock opened at $57.82 on Friday. The firm has a 50 day moving average of $54.80 and a two-hundred day moving average of $52.02. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of 105.12, a P/E/G ratio of 8.34 and a beta of 1.02.

Insider Buying and Selling

In other Dynatrace news, 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 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 $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently made changes to their positions in the company. Riverview Trust Co lifted its holdings in 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 purchasing an additional 257 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Dynatrace by 292.3% in the third 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 last quarter. Paladin Wealth LLC acquired a new position in shares of Dynatrace in the 3rd quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its position in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Dynatrace during the 3rd quarter valued at $52,000. Institutional investors 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.