Dynatrace (NYSE:DT) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Dynatrace (NYSE:DT) had its target price boosted by Morgan Stanley from $59.00 to $62.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 7.31% from the stock’s previous close.

A number of other research analysts have also recently issued reports on DT. Jefferies Financial Group lifted their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Loop Capital boosted their price objective on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. BTIG Research upped their target price on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, UBS Group began coverage on shares of Dynatrace in a report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.76.

Dynatrace Stock Performance

Shares of DT stock opened at $57.77 on Friday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock’s fifty day moving average price is $54.75 and its two-hundred day moving average price is $51.92. The company has a market cap of $17.24 billion, a PE ratio of 105.04, a P/E/G ratio of 8.34 and a beta of 1.02.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently added to or reduced their stakes in DT. Retirement Systems of Alabama boosted its position in Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after purchasing an additional 64,999 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after buying an additional 884,673 shares in the last quarter. Synovus Financial Corp boosted its holdings in Dynatrace by 27.8% in the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after buying an additional 13,957 shares during the period. Crossmark Global Holdings Inc. grew its stake in Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after buying an additional 9,444 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Dynatrace by 6.6% during the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock valued at $44,958,000 after acquiring an additional 52,000 shares during the period. 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.