Dynatrace (NYSE:DT) Given New $65.00 Price Target at Royal Bank of Canada

Dynatrace (NYSE:DT) had its target price hoisted by Royal Bank of Canada from $60.00 to $65.00 in a research report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also issued reports on DT. Guggenheim increased their target price on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Jefferies Financial Group lifted their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial increased their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. BNP Paribas initiated coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective on the stock. Finally, BTIG Research increased their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.08.

Dynatrace Price Performance

Dynatrace stock opened at $54.81 on Friday. The company has a market cap of $16.36 billion, a P/E ratio of 99.65, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm’s 50 day simple moving average is $54.85 and its 200-day simple moving average is $50.64.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred 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 sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % 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, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,027 shares of company stock valued at $3,168,084 in the last 90 days. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Dynatrace

A number of large investors have recently bought and sold shares of DT. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace in the 2nd quarter worth about $26,000. Riverview Trust Co boosted its holdings in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares in the last quarter. UMB Bank n.a. grew its position in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after acquiring an additional 535 shares during the last quarter. Paladin Wealth LLC acquired a new stake in Dynatrace during the 3rd quarter valued at $38,000. Finally, Capital Performance Advisors LLP bought a new position in Dynatrace in the 3rd quarter valued at $52,000. 94.28% of the stock is currently owned by institutional investors.

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.