BMO Capital Markets Issues Pessimistic Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT - Get Free Report) had its price objective decreased by research analysts at BMO Capital Markets from $70.00 to $60.00 in a research note issued on Monday, MarketBeat.com reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price target points to a potential upside of 20.37% from the stock's previous close.

DT has been the topic of several other research reports. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Morgan Stanley boosted their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. UBS Group increased their target price on shares of Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Royal Bank of Canada boosted their price target on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Wells Fargo & Company set a $70.00 price target on Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $63.35.

Dynatrace Stock Up 0.4 %

Shares of NYSE DT traded up $0.22 during midday trading on Monday, reaching $49.85. The company had a trading volume of 4,565,606 shares, compared to its average volume of 3,147,557. The firm's fifty day moving average price is $55.63 and its 200-day moving average price is $54.40. Dynatrace has a one year low of $39.42 and a one year high of $63.00. The stock has a market cap of $14.92 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

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Insider Activity at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was 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. The trade was 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 through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Dynatrace

Hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in Dynatrace in the 4th quarter worth approximately $38,000. Coppell Advisory Solutions LLC raised its stake in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after buying an additional 669 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares during the period. Finally, Huntington National Bank boosted its stake in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after buying an additional 606 shares during 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.