Dynatrace (NYSE:DT) Price Target Lowered to $60.00 at BMO Capital Markets

Dynatrace (NYSE:DT) had its price objective lowered by BMO Capital Markets from $70.00 to $60.00 in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 23.85% from the company’s current price.

Several other research firms also recently commented on DT. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Barclays upped their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus upped their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.21.

Dynatrace Stock Performance

Shares of DT stock opened at $48.45 on Monday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The company has a 50 day moving average price of $55.85 and a 200 day moving average price of $54.48. The stock has a market capitalization of $14.50 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dragoneer Investment Group LLC acquired a new stake in Dynatrace in the fourth quarter valued at $242,380,000. Alyeska Investment Group L.P. purchased a new position in Dynatrace during the 4th quarter valued at about $204,000,000. Norges Bank acquired a new position in Dynatrace during the fourth quarter worth about $192,284,000. Holocene Advisors LP purchased a new stake in shares of Dynatrace in the third quarter valued at about $126,592,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $102,209,000. Institutional investors and hedge funds 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.