Dynatrace (NYSE:DT) Price Target Raised to $63.00

Dynatrace (NYSE:DT) had its target price lifted by BMO Capital Markets from $60.00 to $63.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also weighed in on DT. Morgan Stanley lowered their target price on Dynatrace from $62.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note 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. DA Davidson lowered their target price on Dynatrace from $70.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Tuesday, May 13th. Eight equities research 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.22.

Dynatrace Price Performance

Shares of NYSE:DT opened at $53.35 on Thursday. The business’s fifty day moving average price is $46.98 and its two-hundred day moving average price is $52.61. Dynatrace has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock 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.

Insiders Place Their Bets

In other news, 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 transaction of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at $30,631,224. This trade represents a 7.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds have recently modified their holdings of DT. Barclays PLC raised its position in shares of Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after purchasing an additional 981,964 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Dynatrace by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,291 shares of the company’s stock worth $604,000 after purchasing an additional 308 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Dynatrace by 464.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 711,756 shares of the company’s stock worth $38,684,000 after purchasing an additional 585,675 shares during the period. Park Avenue Securities LLC raised its position in Dynatrace by 20.4% in the 4th quarter. Park Avenue Securities LLC now owns 29,600 shares of the company’s stock valued at $1,609,000 after buying an additional 5,023 shares during the last quarter. Finally, Sendero Wealth Management LLC raised its position in Dynatrace by 65.0% in the 4th quarter. Sendero Wealth Management LLC now owns 60,423 shares of the company’s stock valued at $3,284,000 after buying an additional 23,798 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.