Dynatrace (NYSE:DT) Price Target Raised to $67.00

Dynatrace (NYSE:DT) had its price objective upped by Scotiabank from $62.00 to $67.00 in a research note published on Friday,Benzinga reports. They currently have a sector outperform rating on the stock.

Several other research analysts also recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. BTIG Research upped their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial upped their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Cantor Fitzgerald started coverage on shares of Dynatrace in a research note on Friday, January 17th. They issued a “neutral” rating and a $58.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Dynatrace Price Performance

NYSE:DT opened at $57.82 on Friday. The company’s 50-day simple moving average is $54.80 and its 200 day simple moving average is $52.08. The firm has a market capitalization of $17.26 billion, a P/E ratio of 105.12, a PEG ratio of 8.34 and a beta of 1.02. Dynatrace has a one year low of $39.42 and a one year high of $61.41.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DT. AQR Capital Management LLC increased its position in Dynatrace by 91.2% during the 2nd quarter. AQR Capital Management LLC now owns 148,130 shares of the company’s stock valued at $6,593,000 after purchasing an additional 70,642 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Dynatrace by 20.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,525 shares of the company’s stock worth $292,000 after acquiring an additional 1,090 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Dynatrace by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock worth $392,000 after acquiring an additional 266 shares during the period. Cetera Investment Advisers lifted its position in Dynatrace by 7.0% during the 2nd quarter. Cetera Investment Advisers now owns 43,528 shares of the company’s stock worth $1,947,000 after acquiring an additional 2,843 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Dynatrace during the 2nd quarter worth about $567,000. 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.