Jefferies Financial Group Issues Pessimistic Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its price target cut by investment analysts at Jefferies Financial Group from $70.00 to $65.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 35.71% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. UBS Group raised their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research report on Friday, January 31st. Scotiabank upped their price objective on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Wedbush restated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Stock Up 1.6 %

NYSE:DT opened at $47.90 on Monday. Dynatrace has a 52-week low of $39.42 and a 52-week high of $63.00. The stock has a fifty day simple moving average of $55.33 and a 200-day simple moving average of $54.41. The company has a market capitalization of $14.34 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dragoneer Investment Group LLC acquired a new position in Dynatrace during the 4th quarter worth $242,380,000. Alyeska Investment Group L.P. acquired a new position in shares of Dynatrace during the fourth quarter valued at $204,000,000. Norges Bank bought a new stake in shares of Dynatrace during the fourth quarter valued at about $192,284,000. Holocene Advisors LP acquired a new stake in Dynatrace in the third quarter worth about $126,592,000. Finally, Raymond James Financial Inc. acquired a new stake in Dynatrace in the fourth quarter worth about $102,209,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.