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

Dynatrace (NYSE:DTFree Report) had its price objective boosted by Rosenblatt Securities from $58.00 to $65.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

DT has been the subject of a number of other research reports. DA Davidson raised Dynatrace from a neutral rating to a buy rating and upped their price target for the company from $50.00 to $65.00 in a research report on Wednesday, October 11th. Jefferies Financial Group raised Dynatrace from a hold rating to a buy rating and increased their target price for the stock from $50.00 to $70.00 in a research report on Friday, January 5th. Scotiabank increased their target price on Dynatrace from $62.00 to $70.00 and gave the stock a sector outperform rating in a research report on Monday, February 5th. Guggenheim began coverage on Dynatrace in a research report on Monday, October 23rd. They issued a buy rating and a $58.00 target price for the company. Finally, JMP Securities increased their target price on Dynatrace from $56.00 to $68.00 and gave the stock a market outperform rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of Moderate Buy and a consensus target price of $60.50.

Read Our Latest Stock Report on Dynatrace

Dynatrace Stock Down 4.0 %

Dynatrace stock opened at $53.80 on Wednesday. Dynatrace has a 52 week low of $37.21 and a 52 week high of $61.41. The business has a 50-day simple moving average of $55.88 and a 200 day simple moving average of $50.93. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 94.39, a PEG ratio of 8.02 and a beta of 1.13.

Insider Buying and Selling at Dynatrace

In other news, SVP Bernd Greifeneder sold 4,715 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $54.63, for a total value of $257,580.45. Following the transaction, the senior vice president now directly owns 996,916 shares in the company, valued at approximately $54,461,521.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Bernd Greifeneder sold 4,715 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $54.63, for a total value of $257,580.45. Following the transaction, the senior vice president now directly owns 996,916 shares in the company, valued at approximately $54,461,521.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Dan Zugelder sold 6,497 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $54.59, for a total value of $354,671.23. Following the completion of the transaction, the senior vice president now owns 102,616 shares in the company, valued at $5,601,807.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,896 shares of company stock worth $5,207,653. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Institutional investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new position in Dynatrace in the 4th quarter worth $25,000. Quarry LP bought a new position in Dynatrace in the 1st quarter worth $26,000. IFP Advisors Inc bought a new position in Dynatrace in the 2nd quarter worth $27,000. Advisory Services Network LLC raised its holdings in Dynatrace by 50.9% in the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after purchasing an additional 223 shares during the period. Finally, Smithfield Trust Co raised its holdings in Dynatrace by 431.8% in the 2nd quarter. Smithfield Trust Co now owns 585 shares of the company’s stock worth $30,000 after purchasing an additional 475 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Dynatrace (NYSE:DT)

Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.