Dynatrace, Inc. (NYSE:DT) Receives $61.92 Average Target Price from Analysts

Shares of Dynatrace, Inc. (NYSE:DT) have received a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $61.68.

Several brokerages recently issued reports on DT. Royal Bank of Canada increased their price objective on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Truist Financial lifted their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Scotiabank increased their price objective on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research report on Wednesday. Finally, Cantor Fitzgerald initiated coverage on shares of Dynatrace in a research report on Friday, January 17th. They issued a “neutral” rating and a $58.00 target price for the company.

Dynatrace Stock Up 0.6 %

NYSE:DT opened at $54.70 on Tuesday. The stock has a fifty day simple moving average of $54.23 and a 200 day simple moving average of $51.44. The firm has a market capitalization of $16.33 billion, a price-to-earnings ratio of 99.45, a price-to-earnings-growth ratio of 7.77 and a beta of 1.02. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DT. Riverview Trust Co lifted its stake in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the period. UMB Bank n.a. increased its holdings in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the last quarter. Paladin Wealth LLC acquired a new position in Dynatrace in the third quarter valued at about $38,000. Nisa Investment Advisors LLC boosted its holdings in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after buying an additional 530 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Dynatrace during the 3rd quarter worth about $52,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.