Morgan Stanley Cuts Dynatrace (NYSE:DT) Price Target to $50.00

Dynatrace (NYSE:DT) had its price objective decreased by Morgan Stanley from $62.00 to $50.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 16.05% from the company’s current price.

DT has been the subject of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. BMO Capital Markets dropped their price target on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Scotiabank increased their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price target on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.83.

Dynatrace Stock Down 0.3 %

Shares of NYSE:DT opened at $43.08 on Wednesday. The company has a 50 day moving average of $51.28 and a two-hundred day moving average of $53.52. Dynatrace has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction 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 $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 over the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Dynatrace

Several institutional investors and hedge funds have recently bought and sold shares of DT. QRG Capital Management Inc. raised its holdings in shares of Dynatrace by 9.2% during the first quarter. QRG Capital Management Inc. now owns 70,026 shares of the company’s stock valued at $3,302,000 after acquiring an additional 5,927 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Dynatrace in the first quarter valued at $45,000. Stanley Laman Group Ltd. boosted its position in shares of Dynatrace by 998.6% in the first quarter. Stanley Laman Group Ltd. now owns 128,993 shares of the company’s stock worth $6,082,000 after buying an additional 117,251 shares during the period. Union Bancaire Privee UBP SA grew its holdings in shares of Dynatrace by 3.7% during the first quarter. Union Bancaire Privee UBP SA now owns 128,720 shares of the company’s stock valued at $5,869,000 after buying an additional 4,560 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in Dynatrace during the first quarter valued at $236,000. 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.