BMO Capital Markets Cuts Dynatrace (NYSE:DT) Price Target to $60.00

Dynatrace (NYSE:DT) had its target price cut by BMO Capital Markets from $70.00 to $60.00 in a research report released on Monday morning, Marketbeat.com reports. They currently have an outperform rating on the stock.

DT has been the topic of several other reports. Wedbush reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays increased their target price on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada raised their target price on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, DA Davidson set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.35.

Dynatrace Stock Performance

NYSE:DT opened at $49.54 on Monday. Dynatrace has a one year low of $39.42 and a one year high of $63.00. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 7.05 and a beta of 1.12. The firm’s fifty day moving average is $55.68 and its two-hundred day moving average is $54.44.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The shares were 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 of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 in the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Dynatrace

Institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in 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 purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Dynatrace in the 4th quarter valued at approximately $38,000. Nisa Investment Advisors LLC increased its holdings in Dynatrace by 271.8% in 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 last quarter. Coppell Advisory Solutions LLC increased its holdings in Dynatrace by 1,423.4% in 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 last quarter. Finally, Huntington National Bank increased its holdings in Dynatrace by 218.0% in 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 last quarter. Hedge funds and other 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.