Dynatrace (NYSE:DT) Price Target Lowered to $44.00 at Loop Capital

Dynatrace (NYSE:DT) had its target price reduced by Loop Capital from $55.00 to $44.00 in a report issued on Wednesday morning,Benzinga reports. Loop Capital currently has a hold rating on the stock.

DT has been the topic of several other research reports. DA Davidson decreased their price objective on Dynatrace from $70.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Morgan Stanley cut their target price on shares of Dynatrace from $62.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Finally, Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.95.

Dynatrace Stock Performance

DT stock opened at $44.02 on Wednesday. The firm has a market cap of $13.18 billion, a P/E ratio of 27.51, a P/E/G ratio of 7.05 and a beta of 1.05. The firm’s fifty day moving average is $49.77 and its 200 day moving average is $53.25. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dynatrace

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Dynatrace during the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC increased its position in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after acquiring an additional 669 shares during the last quarter. Finally, CX Institutional bought a new position in Dynatrace in the 1st quarter valued at approximately $40,000. 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 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.