Dynatrace (NYSE:DT) Price Target Raised to $70.00

Dynatrace (NYSE:DT) had its price target hoisted by Truist Financial from $60.00 to $70.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also weighed in on DT. BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. Barclays raised their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Scotiabank upped their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. BTIG Research lifted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wedbush started coverage on shares of Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.88.

Dynatrace Stock Down 3.6 %

NYSE:DT opened at $54.41 on Thursday. The stock has a fifty day simple moving average of $54.71 and a 200 day simple moving average of $49.86. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of 98.93, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the business’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 sale, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,027 shares of company stock worth $5,743,084. 0.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

A number of large investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new position in shares of Dynatrace in the second quarter worth about $26,000. Riverview Trust Co raised its position in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Paladin Wealth LLC acquired a new position in Dynatrace during the 3rd quarter worth $38,000. UMB Bank n.a. boosted its position in Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after buying an additional 535 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Dynatrace in the 2nd quarter valued at $32,000. 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.