Dynatrace, Inc. (NYSE:DT) Receives $61.92 Consensus PT from Analysts

Dynatrace, Inc. (NYSE:DT) has been given a consensus recommendation of “Moderate Buy” by the twenty-five ratings firms that are covering the stock, Marketbeat reports. Eight equities 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 brokers that have updated their coverage on the stock in the last year is $61.68.

Several brokerages recently commented on DT. Loop Capital boosted their price target on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Cantor Fitzgerald started coverage on Dynatrace in a report on Friday, January 17th. They set a “neutral” rating and a $58.00 price objective for the company. Scotiabank increased their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Finally, BNP Paribas started coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target on the stock.

Dynatrace Trading Up 1.6 %

NYSE DT opened at $55.64 on Tuesday. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41. The firm’s fifty day simple moving average is $54.31 and its 200-day simple moving average is $51.54. The company has a market capitalization of $16.61 billion, a PE ratio of 101.16, a price-to-earnings-growth ratio of 7.94 and a beta of 1.02.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the business’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 completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Dynatrace by 68.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,476 shares of the company’s stock valued at $51,601,000 after purchasing an additional 467,121 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Dynatrace by 2.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 20,262 shares of the company’s stock worth $907,000 after acquiring an additional 406 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Dynatrace by 10.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,076 shares of the company’s stock valued at $1,122,000 after acquiring an additional 2,389 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Dynatrace by 22.7% in the 2nd quarter. Intech Investment Management LLC now owns 40,558 shares of the company’s stock valued at $1,815,000 after acquiring an additional 7,495 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Dynatrace by 56.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 20,344 shares of the company’s stock worth $910,000 after purchasing an additional 7,331 shares during the last quarter. 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.