Dynatrace (NYSE:DT) Price Target Lowered to $65.00 at Jefferies Financial Group

Dynatrace (NYSE:DT) had its target price lowered by Jefferies Financial Group from $70.00 to $65.00 in a research note published on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on DT. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. UBS Group upped their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Morgan Stanley raised their price target on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.35.

Dynatrace Stock Down 2.7 %

Shares of DT opened at $47.10 on Monday. The stock’s fifty day simple moving average is $55.43 and its 200-day simple moving average is $54.43. The firm has a market capitalization of $14.10 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace has a 12-month low of $39.42 and a 12-month high of $63.00.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at $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 a total of 117,432 shares of company stock valued at $7,159,599 over the last 90 days. 0.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors have recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC grew its position in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new position in Dynatrace during the fourth quarter worth about $38,000. Coppell Advisory Solutions LLC increased its position in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after buying an additional 669 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the period. Finally, Huntington National Bank lifted its position in shares of Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after buying an additional 606 shares during the last quarter. 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.