Dynatrace (NYSE:DT) Price Target Raised to $65.00

Dynatrace (NYSE:DT) had its price target boosted by Royal Bank of Canada from $60.00 to $65.00 in a research note published on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Wedbush assumed coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. BMO Capital Markets boosted their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Rosenblatt Securities restated a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research report on Wednesday, November 6th. Finally, Truist Financial raised their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.08.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $54.81 on Friday. The stock’s 50-day simple moving average is $54.86 and its two-hundred day simple moving average is $50.81. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of 99.65, a PEG ratio of 8.20 and a beta of 1.02. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace 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 completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,027 shares of company stock valued at $3,168,084. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace during the 2nd quarter valued at approximately $26,000. Riverview Trust Co increased its holdings in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of Dynatrace during the third quarter valued at about $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in Dynatrace in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Dynatrace

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.