Dynatrace (NYSE:DT) Price Target Raised to $55.00

Dynatrace (NYSE:DT) had its price target hoisted by UBS Group from $50.00 to $55.00 in a report issued on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently weighed in on DT. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Loop Capital cut their target price on Dynatrace from $55.00 to $44.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Bank of America upped their price target on Dynatrace from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank raised their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Finally, BMO Capital Markets boosted their target price on Dynatrace from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $61.22.

Dynatrace Stock Performance

DT opened at $53.35 on Thursday. Dynatrace has a 1 year low of $39.30 and a 1 year high of $63.00. The company’s 50 day simple moving average is $46.98 and its 200 day simple moving average is $52.61. The stock has a market capitalization of $15.97 billion, a PE ratio of 33.34, a P/E/G ratio of 7.05 and a beta of 0.95.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the 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 directly owns 506,720 shares in the company, valued at approximately $30,631,224. This represents a 7.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dynatrace during the fourth quarter worth about $38,000. Coppell Advisory Solutions LLC grew its stake in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after purchasing an additional 669 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the last quarter. Finally, CX Institutional acquired a new stake in Dynatrace during the first quarter valued at approximately $40,000. 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.