Jefferies Financial Group Lowers Dynatrace (NYSE:DT) Price Target to $60.00

Dynatrace (NYSE:DT) had its price objective lowered by Jefferies Financial Group from $65.00 to $60.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Stifel Nicolaus upped their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Royal Bank of Canada upped their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.13.

Dynatrace Stock Up 9.5 %

Shares of NYSE DT opened at $45.11 on Monday. The firm has a market cap of $13.50 billion, a PE ratio of 28.19, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00. The company’s fifty day simple moving average is $53.29 and its 200 day simple moving average is $53.93.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,432 shares of company stock valued at $7,159,599. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several large investors have recently modified their holdings of DT. Smartleaf Asset Management LLC grew its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares in the last quarter. Captrust Financial Advisors grew its stake in Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock valued at $342,000 after acquiring an additional 177 shares in the last quarter. Versant Capital Management Inc grew its stake in Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after acquiring an additional 206 shares in the last quarter. Virtue Capital Management LLC grew its stake in Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after acquiring an additional 212 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Dynatrace by 6.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock valued at $183,000 after acquiring an additional 216 shares in the last quarter. 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 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.