Dynatrace (NYSE:DT) Price Target Raised to $60.00

Dynatrace (NYSE:DT) had its price target upped by Truist Financial from $55.00 to $60.00 in a report released on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently commented on DT. BTIG Research raised their price target on Dynatrace from $57.00 to $65.00 and gave the company a buy rating in a report on Tuesday, August 1st. TD Cowen initiated coverage on Dynatrace in a research report on Friday, August 18th. They set an outperform rating and a $57.00 price target for the company. JMP Securities upped their price target on shares of Dynatrace from $50.00 to $56.00 and gave the stock a market outperform rating in a research report on Wednesday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of Dynatrace from $53.00 to $57.00 in a research report on Wednesday, July 26th. Finally, Royal Bank of Canada boosted their price target on Dynatrace from $52.00 to $60.00 and gave the stock an outperform rating in a research note on Monday, July 31st. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Dynatrace has a consensus rating of Moderate Buy and a consensus target price of $55.27.

Dynatrace Stock Performance

NYSE DT opened at $50.51 on Friday. The firm’s fifty day moving average is $47.09 and its two-hundred day moving average is $48.57. Dynatrace has a one year low of $35.39 and a one year high of $55.87. The firm has a market cap of $14.87 billion, a PE ratio of 88.62, a P/E/G ratio of 6.32 and a beta of 1.10.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 9,811,097 shares of Dynatrace stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $46.40, for a total value of $455,234,900.80. Following the completion of the sale, the insider now directly owns 41,857,273 shares in the company, valued at $1,942,177,467.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Bernd Greifeneder sold 5,198 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $47.10, for a total value of $244,825.80. Following the completion of the sale, the senior vice president now owns 1,004,848 shares in the company, valued at approximately $47,328,340.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 9,811,097 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $46.40, for a total transaction of $455,234,900.80. Following the completion of the sale, the insider now owns 41,857,273 shares of the company’s stock, valued at approximately $1,942,177,467.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,846,990 shares of company stock worth $456,902,846. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several institutional investors have recently added to or reduced their stakes in DT. Torray Investment Partners LLC grew its holdings in Dynatrace by 0.6% during the 2nd quarter. Torray Investment Partners LLC now owns 33,842 shares of the company’s stock valued at $1,742,000 after buying an additional 200 shares in the last quarter. Advisory Services Network LLC raised its position in Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in Dynatrace by 1.0% in the second quarter. Zions Bancorporation N.A. now owns 24,426 shares of the company’s stock valued at $1,257,000 after acquiring an additional 230 shares in the last quarter. Avior Wealth Management LLC boosted its position in Dynatrace by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock valued at $376,000 after acquiring an additional 234 shares in the last quarter. Finally, Shell Asset Management Co. boosted its position in shares of Dynatrace by 1.7% during the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company’s stock valued at $748,000 after purchasing an additional 263 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.