Analysts Set Dynatrace, Inc. (NYSE:DT) Price Target at $61.92

Shares of Dynatrace, Inc. (NYSE:DT) have received an average rating of “Moderate Buy” from the twenty-five ratings firms that are covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $61.68.

A number of analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on Dynatrace in a research note on Friday, January 17th. They issued a “neutral” rating and a $58.00 price objective on the stock. Barclays upped their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wedbush assumed coverage on shares of Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Rosenblatt Securities reissued a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research note on Wednesday, November 6th. Finally, BMO Capital Markets lifted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Dynatrace Price Performance

Shares of NYSE:DT opened at $56.52 on Tuesday. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 102.75, a PEG ratio of 7.94 and a beta of 1.02. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The stock’s 50 day moving average price is $54.31 and its 200 day moving average price is $51.66.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated 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 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 document filed with the SEC, which is available through the SEC website. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several institutional investors have recently made changes to their positions in DT. Riverview Trust Co raised its position in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Dynatrace during the 3rd quarter worth $38,000. UMB Bank n.a. increased its stake in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Dynatrace in the 3rd quarter valued at $52,000. 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.