Dynatrace (NYSE:DT) Price Target Raised to $62.00

Dynatrace (NYSE:DT) had its price objective hoisted by Morgan Stanley from $59.00 to $62.00 in a report issued on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also issued reports on the stock. BTIG Research boosted their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a report on Wednesday, January 22nd. Barclays increased their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price target on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, UBS Group began coverage on Dynatrace in a research note on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price target for the company. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Dynatrace Stock Up 0.1 %

NYSE DT opened at $57.82 on Friday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The business’s fifty day simple moving average is $54.80 and its 200-day simple moving average is $52.08. The firm has a market cap of $17.26 billion, a PE ratio of 105.12, a P/E/G ratio of 8.34 and a beta of 1.02.

Insider Activity

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently modified their holdings of DT. AQR Capital Management LLC increased its holdings in Dynatrace by 91.2% during the 2nd quarter. AQR Capital Management LLC now owns 148,130 shares of the company’s stock valued at $6,593,000 after purchasing an additional 70,642 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dynatrace by 20.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,525 shares of the company’s stock valued at $292,000 after buying an additional 1,090 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Dynatrace by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after buying an additional 266 shares during the period. Cetera Investment Advisers increased its stake in shares of Dynatrace by 7.0% in the 2nd quarter. Cetera Investment Advisers now owns 43,528 shares of the company’s stock valued at $1,947,000 after buying an additional 2,843 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Dynatrace in the 2nd quarter valued at $567,000. 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.