Dynatrace (NYSE:DT) Price Target Raised to $65.00

Dynatrace (NYSE:DT) had its target price upped by DA Davidson from $60.00 to $65.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

DT has been the subject of a number of other research reports. Scotiabank boosted their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Wedbush reissued an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. BMO Capital Markets boosted their price target on Dynatrace from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their price target on Dynatrace from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $61.22.

Dynatrace Trading Up 0.6%

Dynatrace stock opened at $53.35 on Thursday. The firm has a market capitalization of $15.97 billion, a P/E ratio of 33.34, a PEG ratio of 7.05 and a beta of 0.95. The stock has a fifty day moving average price of $46.98 and a 200 day moving average price of $52.61. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.59% of the stock is currently owned by company insiders.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after buying an additional 176 shares in the last quarter. Captrust Financial Advisors grew its holdings in Dynatrace by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after buying an additional 177 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Dynatrace by 6.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after buying an additional 216 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after buying an additional 222 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in Dynatrace by 0.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company’s stock worth $1,686,000 after buying an additional 249 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.