Dynatrace, Inc. (NYSE:DT) Receives $63.35 Consensus Price Target from Analysts

Shares of Dynatrace, Inc. (NYSE:DT) have received a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $63.13.

DT has been the topic of a number of recent analyst reports. DA Davidson set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Morgan Stanley increased their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Stifel Nicolaus boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Wedbush restated an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th.

Insiders Place Their Bets

In other news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 over the last ninety days. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in Dynatrace by 0.5% in the 1st quarter. Rhumbline Advisers now owns 883,314 shares of the company’s stock valued at $41,648,000 after purchasing an additional 4,776 shares during the last quarter. Global Financial Private Client LLC lifted its position in shares of Dynatrace by 344.0% during the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company’s stock worth $52,000 after purchasing an additional 860 shares in the last quarter. Summit Global Investments acquired a new position in shares of Dynatrace in the first quarter valued at approximately $888,000. GAMMA Investing LLC increased its stake in Dynatrace by 5,404.5% during the 1st quarter. GAMMA Investing LLC now owns 200,199 shares of the company’s stock worth $9,439,000 after buying an additional 196,562 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Dynatrace by 308.8% during the 1st quarter. Versant Capital Management Inc now owns 7,903 shares of the company’s stock worth $373,000 after buying an additional 5,970 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Down 1.4 %

Shares of DT stock opened at $41.14 on Friday. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00. The business’s 50 day moving average is $53.80 and its two-hundred day moving average is $54.04. The company has a market capitalization of $12.31 billion, a P/E ratio of 25.71, a P/E/G ratio of 7.05 and a beta of 1.05.

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.