BMO Capital Markets Has Lowered Expectations for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its price target cut by research analysts at BMO Capital Markets from $70.00 to $60.00 in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 21.99% from the company’s current price.

Other analysts have also issued reports about the stock. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Royal Bank of Canada increased their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Finally, UBS Group lifted their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Price Performance

DT opened at $49.19 on Monday. Dynatrace has a one year low of $39.42 and a one year high of $63.00. The company has a fifty day moving average price of $55.73 and a 200-day moving average price of $54.47. The firm has a market capitalization of $14.72 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Insiders Place Their Bets

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 in the last three months. Corporate insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace during the fourth quarter valued at about $38,000. Coppell Advisory Solutions LLC grew its holdings in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after purchasing an additional 669 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after purchasing an additional 606 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.