Dynatrace (NYSE:DT) Price Target Raised to $62.00

Dynatrace (NYSE:DT) had its price objective raised by UBS Group from $58.00 to $62.00 in a report issued on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

DT has been the topic of a number of other reports. Jefferies Financial Group raised their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. BNP Paribas began coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a report on Wednesday. BTIG Research lifted their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Scotiabank boosted their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.24.

Dynatrace Trading Up 0.1 %

Shares of NYSE:DT opened at $57.82 on Friday. The stock has a market cap of $17.26 billion, a PE ratio of 105.12, a price-to-earnings-growth ratio of 8.34 and a beta of 1.02. The stock’s fifty day simple moving average is $54.80 and its two-hundred day simple moving average is $52.02. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Dynatrace

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in Dynatrace by 91.2% during the second quarter. AQR Capital Management LLC now owns 148,130 shares of the company’s stock worth $6,593,000 after buying an additional 70,642 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dynatrace by 20.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,525 shares of the company’s stock valued at $292,000 after acquiring an additional 1,090 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Dynatrace by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock worth $392,000 after purchasing an additional 266 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Dynatrace by 7.0% in the second quarter. Cetera Investment Advisers now owns 43,528 shares of the company’s stock worth $1,947,000 after purchasing an additional 2,843 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Dynatrace in the second quarter valued at approximately $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.