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

Dynatrace (NYSE:DT) had its price objective lifted by analysts at Royal Bank of Canada from $60.00 to $65.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 18.59% from the company’s current price.

A number of other brokerages have also recently weighed in on DT. Loop Capital raised their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their price target on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Guggenheim lifted their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Barclays upped their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Dynatrace Trading Up 0.8 %

NYSE:DT opened at $54.81 on Friday. The company has a market capitalization of $16.36 billion, a P/E ratio of 99.65, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. The firm has a 50-day moving average price of $54.86 and a two-hundred day moving average price of $50.71. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,027 shares of company stock valued at $3,168,084 in the last three months. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of DT. Everence Capital Management Inc. acquired a new position in Dynatrace in the 4th quarter worth $469,000. GAMMA Investing LLC boosted its holdings in Dynatrace by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 3,637 shares of the company’s stock valued at $198,000 after purchasing an additional 1,680 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after purchasing an additional 206 shares during the last quarter. Retirement Systems of Alabama grew its stake in Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after purchasing an additional 64,999 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in Dynatrace during the 3rd quarter worth approximately $300,000. Hedge funds and other institutional investors 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.