Dynatrace (NYSE:DT) Price Target Raised to $64.00

Dynatrace (NYSE:DT) had its price objective increased by The Goldman Sachs Group from $56.00 to $64.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on DT. Royal Bank of Canada increased their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. BMO Capital Markets raised their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their price objective on shares of Dynatrace from $62.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.22.

Dynatrace Stock Performance

Shares of DT opened at $53.35 on Thursday. Dynatrace has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. The firm has a 50-day simple moving average of $46.98 and a 200-day simple moving average of $52.61.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company’s stock, valued at approximately $30,631,224. The trade was a 7.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Dynatrace by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock valued at $342,000 after purchasing an additional 177 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Dynatrace by 6.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock valued at $183,000 after purchasing an additional 216 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock valued at $500,000 after purchasing an additional 222 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Dynatrace by 0.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company’s stock valued at $1,686,000 after purchasing an additional 249 shares during 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 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.