Dynatrace (NYSE:DT) Price Target Raised to $69.00

Dynatrace (NYSE:DT) had its price objective raised by Royal Bank of Canada from $65.00 to $69.00 in a report released on Friday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

DT has been the subject of a number of other reports. Scotiabank upped their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research report on Friday. UBS Group began coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price target on the stock. Morgan Stanley increased their price target on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, BTIG Research increased their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Dynatrace Price Performance

Shares of NYSE:DT opened at $57.82 on Friday. The company’s fifty day moving average price is $54.80 and its 200 day moving average price is $52.08. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The firm has a market capitalization of $17.26 billion, a P/E ratio of 105.12, a P/E/G ratio of 8.34 and a beta of 1.02.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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 in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. DSM Capital Partners LLC lifted its position in Dynatrace by 55.3% in the 4th quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company’s stock valued at $133,407,000 after purchasing an additional 874,429 shares during the last quarter. Davidson Investment Advisors grew its stake in shares of Dynatrace by 8.8% in the 4th quarter. Davidson Investment Advisors now owns 422,320 shares of the company’s stock worth $22,953,000 after purchasing an additional 34,001 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Dynatrace by 87.6% in the 4th quarter. Venturi Wealth Management LLC now owns 4,153 shares of the company’s stock worth $226,000 after purchasing an additional 1,939 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Dynatrace by 15.6% in the 4th quarter. D.A. Davidson & CO. now owns 10,314 shares of the company’s stock worth $561,000 after purchasing an additional 1,390 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Dynatrace by 13.3% in the fourth quarter. CIBC Asset Management Inc now owns 11,864 shares of the company’s stock worth $645,000 after acquiring an additional 1,390 shares in the last quarter. 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.