Dynatrace, Inc. (NYSE:DT) Receives $63.25 Consensus Price Target from Brokerages

Dynatrace, Inc. (NYSE:DT) has received an average rating of “Moderate Buy” from the twenty-four analysts that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $63.25.

A number of equities research analysts recently issued reports on the company. Scotiabank increased their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada increased 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. Morgan Stanley raised their price target on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. UBS Group raised their price target on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company set a $70.00 price target on Dynatrace in a research report on Friday, January 31st.

Insider Buying and Selling

In related news, CFO James M. Benson sold 34,932 shares of the firm’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 sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was 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 directly owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 over the last ninety days. 0.59% of the stock is owned by insiders.

Institutional Trading of Dynatrace

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Retirement Systems of Alabama lifted its holdings in Dynatrace by 21.9% in the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after buying an additional 64,999 shares during the period. Geode Capital Management LLC raised its holdings in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares during the last quarter. Synovus Financial Corp raised its holdings in Dynatrace by 27.8% in the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after acquiring an additional 13,957 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after acquiring an additional 9,444 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock worth $3,484,000 after acquiring an additional 9,251 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

NYSE:DT opened at $48.45 on Wednesday. The company has a market cap of $14.50 billion, a P/E ratio of 30.28, a P/E/G ratio of 7.05 and a beta of 1.12. The stock’s fifty day moving average price is $55.85 and its two-hundred day moving average price is $54.48. Dynatrace has a 1 year low of $39.42 and a 1 year high of $63.00.

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.