Analysts Set Dynatrace, Inc. (NYSE:DT) Price Target at $61.88

Dynatrace, Inc. (NYSE:DT) has earned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $61.88.

Several brokerages recently issued reports on DT. Barclays lifted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Scotiabank raised their price objective on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price for the company. Finally, Rosenblatt Securities reissued a “buy” rating and set a $65.00 price target on shares of Dynatrace in a research note on Wednesday, November 6th.

Insider Buying and Selling

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,027 shares of company stock worth $3,168,084. Insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

A number of institutional investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama boosted its holdings in Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after purchasing an additional 64,999 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Dynatrace in the third quarter worth $300,000. Synovus Financial Corp boosted its stake in Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after buying an additional 13,957 shares during the period. Tidal Investments LLC grew its position in Dynatrace by 2.7% during the third quarter. Tidal Investments LLC now owns 35,113 shares of the company’s stock worth $1,877,000 after buying an additional 923 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Dynatrace in the 3rd quarter worth about $131,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Dynatrace stock opened at $54.69 on Friday. Dynatrace has a one year low of $39.42 and a one year high of $61.41. The firm has a market cap of $16.32 billion, a PE ratio of 99.44, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. The stock’s fifty day moving average price is $54.81 and its two-hundred day moving average price is $50.48.

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.