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

Dynatrace (NYSE:DT) had its target price hoisted by Royal Bank of Canada from $60.00 to $65.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 18.96% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. BTIG Research raised their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. BNP Paribas assumed coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target on the stock. Loop Capital upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Truist Financial lifted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Dynatrace Trading Up 0.5 %

DT stock traded up $0.29 on Friday, hitting $54.64. 201,386 shares of the company’s stock traded hands, compared to its average volume of 796,978. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 99.35, a P/E/G ratio of 8.20 and a beta of 1.01. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41. The stock has a fifty day moving average of $54.85 and a 200-day moving average of $50.61.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,027 shares of company stock worth $3,168,084 over the last 90 days. Insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently bought and sold shares of DT. Eminence Capital LP bought a new stake in shares of Dynatrace during the second quarter valued at approximately $158,369,000. Holocene Advisors LP bought a new stake in Dynatrace in the 3rd quarter valued at $126,592,000. State Street Corp raised its stake in shares of Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after buying an additional 1,207,621 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Dynatrace by 285.7% during the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after acquiring an additional 1,029,387 shares during the period. Finally, Barclays PLC boosted its position in shares of Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after acquiring an additional 981,964 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.