Barclays Issues Positive Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT - Get Free Report) had its price target upped by equities research analysts at Barclays from $64.00 to $67.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 14.90% from the stock's previous close.

Other research analysts also recently issued reports about the company. Wedbush assumed coverage on Dynatrace in a research note on Thursday, October 17th. They set an "outperform" rating and a $67.00 price objective for the company. Guggenheim upped their price target on shares of Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. UBS Group began coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They issued a "neutral" rating and a $58.00 price objective on the stock. Jefferies Financial Group upped their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and a consensus price target of $61.48.

Dynatrace Stock Down 0.5 %

DT stock traded down $0.32 during midday trading on Friday, reaching $58.31. The company had a trading volume of 2,730,804 shares, compared to its average volume of 3,831,182. The stock has a 50 day moving average price of $54.37 and a 200 day moving average price of $49.54. The firm has a market capitalization of $17.40 billion, a PE ratio of 106.02, a P/E/G ratio of 8.71 and a beta of 1.01. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value 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. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company's stock, valued at approximately $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 105,000 shares of company stock worth $5,741,500 in the last quarter. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently made changes to their positions in DT. Cullen Frost Bankers Inc. acquired a new position in Dynatrace during the second quarter valued at approximately $26,000. Riverview Trust Co boosted its holdings in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company's stock valued at $33,000 after acquiring an additional 257 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Dynatrace in the third quarter valued at about $38,000. UMB Bank n.a. increased its stake in shares of Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company's stock worth $38,000 after purchasing an additional 535 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in shares of Dynatrace during the 2nd quarter worth about $32,000. 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.