Dynatrace (NYSE:DT) Given New $52.00 Price Target at DA Davidson

Dynatrace (NYSE:DT) had its price target decreased by DA Davidson from $70.00 to $52.00 in a report published on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Scotiabank lifted their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price target on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Robert W. Baird set a $65.00 price target on Dynatrace in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research note on Friday, January 31st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.35.

Dynatrace Stock Up 0.5 %

Shares of Dynatrace stock opened at $43.32 on Monday. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 7.05 and a beta of 1.05. The firm’s 50-day moving average price is $52.31 and its two-hundred day moving average price is $53.74.

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred 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 owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % 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 worth $7,159,599 over the last ninety days. Insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Several large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock valued at $342,000 after purchasing an additional 177 shares during the period. Versant Capital Management Inc boosted its position in shares of Dynatrace by 11.9% during the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after purchasing an additional 206 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Dynatrace by 6.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after purchasing an additional 216 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock valued at $500,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.