Analysts Set Dynatrace, Inc. (NYSE:DT) PT at $63.35

Dynatrace, Inc. (NYSE:DT) has earned an average rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $63.13.

Several research firms have recently issued reports on DT. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. BMO Capital Markets reduced their price target on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Royal Bank of Canada lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group lowered their target price on Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 7th.

Insider Buying and Selling

In other news, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares of the company’s stock, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Benson Investment Management Company Inc. purchased a new position in shares of Dynatrace in the first quarter valued at $3,281,000. Sendero Wealth Management LLC lifted its holdings in Dynatrace by 17.3% in the 1st quarter. Sendero Wealth Management LLC now owns 70,900 shares of the company’s stock worth $3,343,000 after buying an additional 10,477 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its position in Dynatrace by 0.7% in the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 406,195 shares of the company’s stock valued at $19,148,000 after buying an additional 2,972 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Dynatrace by 0.5% during the first quarter. Rhumbline Advisers now owns 883,314 shares of the company’s stock valued at $41,648,000 after acquiring an additional 4,776 shares in the last quarter. Finally, Global Financial Private Client LLC increased its position in shares of Dynatrace by 344.0% during the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company’s stock worth $52,000 after acquiring an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

Shares of DT stock opened at $43.04 on Friday. The stock has a market cap of $12.88 billion, a PE ratio of 26.90, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace has a 1 year low of $39.30 and a 1 year high of $63.00. The stock has a fifty day moving average price of $52.65 and a 200 day moving average price of $53.80.

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.