Analysts Set Dynatrace, Inc. (NYSE:DT) Target Price at $61.36

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-five analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $61.36.

Several equities analysts recently commented on DT shares. Jefferies Financial Group upped their price target 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. BMO Capital Markets raised their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Wells Fargo & Company decreased their price target on Dynatrace from $60.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. Scotiabank boosted their price objective on Dynatrace from $55.00 to $62.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Finally, BTIG Research increased their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd.

Dynatrace Stock Performance

DT stock traded up $0.22 on Monday, reaching $56.41. The company had a trading volume of 2,593,842 shares, compared to its average volume of 3,373,166. The company has a market cap of $16.84 billion, a P/E ratio of 102.47, a PEG ratio of 8.21 and a beta of 1.06. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The company's fifty day moving average is $53.82 and its 200 day moving average is $49.20.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares of the company's stock, valued at $10,810,185.15. This represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company's stock, valued at $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock valued at $3,397,904 in the last quarter. 0.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DT. Versant Capital Management Inc boosted its stake in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company's stock valued at $26,000 after buying an additional 572 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Dynatrace in the second quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new stake in Dynatrace in the second quarter valued at approximately $32,000. Riverview Trust Co lifted its position 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 purchasing an additional 257 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company's stock worth $38,000 after buying an additional 535 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

About Dynatrace

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.