Dynatrace, Inc. (NYSE:DT) Receives $61.00 Average Price Target from Analysts

Shares of Dynatrace, Inc. (NYSE:DT) have been given an average recommendation of “Moderate Buy” by the twenty-four research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $61.54.

A number of analysts have weighed in on DT shares. Scotiabank increased their price objective on Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 5th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Thursday, May 16th. Loop Capital dropped their price objective on shares of Dynatrace from $56.00 to $50.00 and set a “hold” rating on the stock in a research note on Thursday, May 16th. Bank of America reduced their target price on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Finally, Capital One Financial assumed coverage on shares of Dynatrace in a research note on Wednesday, February 21st. They set an “overweight” rating and a $64.00 price target on the stock.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $47.76 on Thursday. Dynatrace has a one year low of $43.29 and a one year high of $61.41. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 91.85, a PEG ratio of 4.17 and a beta of 1.06. The company has a 50-day simple moving average of $46.38 and a 200-day simple moving average of $50.87.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now owns 477,105 shares in the company, valued at $22,085,190.45. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new stake in Dynatrace during the 4th quarter worth about $25,000. Geneos Wealth Management Inc. increased its position in Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares in the last quarter. DSM Capital Partners LLC purchased a new stake in Dynatrace during the 4th quarter worth about $28,000. Rise Advisors LLC purchased a new stake in Dynatrace during the 1st quarter worth about $30,000. Finally, NewSquare Capital LLC purchased a new stake in Dynatrace during the 4th quarter worth about $32,000. 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. It 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.