Dynatrace (NYSE:DT) Given New $60.00 Price Target at BMO Capital Markets

Dynatrace (NYSE:DT) had its target price trimmed by BMO Capital Markets from $70.00 to $60.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

Several other research firms have also issued reports on DT. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. DA Davidson set a $70.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada increased their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, UBS Group increased their price target 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. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.21.

Dynatrace Price Performance

NYSE DT opened at $50.50 on Monday. Dynatrace has a 1 year low of $39.42 and a 1 year high of $63.00. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 7.05 and a beta of 1.12. The company has a fifty day moving average price of $55.79 and a 200-day moving average price of $54.48.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Dynatrace during the 4th quarter valued at $38,000. Coppell Advisory Solutions LLC increased its position in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after purchasing an additional 669 shares during the period. Nisa Investment Advisors LLC increased its position in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares during the period. Finally, Huntington National Bank increased its position in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after purchasing an additional 606 shares during the period. 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.