Royal Bank of Canada Reaffirms Outperform Rating for Dynatrace (NYSE:DT)

Royal Bank of Canada reiterated their outperform rating on shares of Dynatrace (NYSE:DTFree Report) in a report released on Friday morning, Benzinga reports. Royal Bank of Canada currently has a $66.00 price objective on the stock.

Other analysts have also recently issued reports about the stock. JMP Securities raised their target price on shares of Dynatrace from $56.00 to $68.00 and gave the stock a market outperform rating in a report on Friday, February 2nd. Citigroup increased their target price on shares of Dynatrace from $58.00 to $68.00 and gave the stock a buy rating in a research report on Monday, January 22nd. Truist Financial increased their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a buy rating in a research report on Tuesday, January 16th. Guggenheim initiated coverage on shares of Dynatrace in a report on Monday, October 23rd. They set a buy rating and a $58.00 price target on the stock. Finally, Jefferies Financial Group upgraded shares of Dynatrace from a hold rating to a buy rating and raised their price target for the company from $50.00 to $70.00 in a report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of Moderate Buy and an average price target of $60.50.

Check Out Our Latest Research Report on DT

Dynatrace Price Performance

Dynatrace stock opened at $52.42 on Friday. The firm has a 50 day simple moving average of $55.83 and a 200-day simple moving average of $50.88. The stock has a market capitalization of $15.43 billion, a PE ratio of 79.42, a price-to-earnings-growth ratio of 5.82 and a beta of 1.13. Dynatrace has a 12-month low of $37.21 and a 12-month high of $61.41.

Insider Transactions at Dynatrace

In other Dynatrace news, SVP Bernd Greifeneder sold 4,715 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $54.63, for a total value of $257,580.45. Following the completion of the transaction, the senior vice president now directly owns 996,916 shares of the company’s stock, valued at $54,461,521.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Dynatrace news, SVP Dan Zugelder sold 6,596 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total value of $371,025.00. Following the completion of the sale, the senior vice president now owns 96,020 shares of the company’s stock, valued at $5,401,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bernd Greifeneder sold 4,715 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $54.63, for a total transaction of $257,580.45. Following the completion of the sale, the senior vice president now directly owns 996,916 shares of the company’s stock, valued at approximately $54,461,521.08. The disclosure for this sale can be found here. In the last three months, insiders sold 94,896 shares of company stock valued at $5,207,653. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently bought and sold shares of DT. Alberta Investment Management Corp acquired a new stake in Dynatrace in the fourth quarter valued at $224,000. Crestline Management LP lifted its stake in shares of Dynatrace by 385.3% during the 4th quarter. Crestline Management LP now owns 208,064 shares of the company’s stock worth $11,379,000 after buying an additional 165,190 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Dynatrace by 103.1% during the 4th quarter. Bank of Nova Scotia now owns 12,018 shares of the company’s stock worth $657,000 after buying an additional 6,101 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Dynatrace by 1.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 109,979 shares of the company’s stock worth $6,015,000 after buying an additional 1,330 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Dynatrace during the 4th quarter worth about $297,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Company Profile

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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.

Further Reading

Analyst Recommendations for Dynatrace (NYSE:DT)

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