Dynatrace (NYSE:DT) Given New $52.00 Price Target at DA Davidson

Dynatrace (NYSE:DT) had its target price lowered by DA Davidson from $70.00 to $52.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

DT has been the topic of a number of other reports. UBS Group lifted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. BMO Capital Markets reduced their price objective on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Wedbush restated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.35.

Dynatrace Stock Up 0.5 %

Shares of NYSE:DT opened at $43.32 on Monday. The business’s 50 day moving average is $52.31 and its 200 day moving average is $53.74. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 7.05 and a beta of 1.05.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 in the last 90 days. 0.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dragoneer Investment Group LLC bought a new position in shares of Dynatrace in the fourth quarter worth $242,380,000. Alyeska Investment Group L.P. bought a new position in Dynatrace in the 4th quarter worth about $204,000,000. Norges Bank purchased a new stake in shares of Dynatrace in the 4th quarter valued at about $192,284,000. Raymond James Financial Inc. bought a new stake in shares of Dynatrace during the 4th quarter valued at about $102,209,000. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Dynatrace during the fourth quarter worth about $73,906,000. 94.28% of the stock is owned by institutional investors.

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.