Dynatrace (NYSE:DT) Price Target Raised to $70.00 at Truist Financial

Dynatrace (NYSE:DT) had its price objective raised by Truist Financial from $60.00 to $70.00 in a research report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also weighed in on DT. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. 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. Barclays lifted their price objective 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. Wedbush began coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $54.41 on Thursday. The firm has a fifty day moving average of $54.71 and a two-hundred day moving average of $49.86. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 98.93, a PEG ratio of 8.20 and a beta of 1.01. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,027 shares of company stock valued at $5,743,084 over the last 90 days. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

A number of large investors have recently added to or reduced their stakes in DT. Retirement Systems of Alabama lifted its position in shares of Dynatrace by 21.9% in the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after buying an additional 64,999 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Dynatrace during the 3rd quarter valued at $300,000. Synovus Financial Corp boosted its position in Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after purchasing an additional 13,957 shares during the period. Tidal Investments LLC increased its holdings in shares of Dynatrace by 2.7% in the third quarter. Tidal Investments LLC now owns 35,113 shares of the company’s stock valued at $1,877,000 after purchasing an additional 923 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Dynatrace in the third quarter valued at about $131,000. Institutional investors and hedge funds 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.