Dynatrace, Inc. (NYSE:DT) Receives $61.92 Consensus Target Price from Brokerages

Dynatrace, Inc. (NYSE:DT - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-six analysts that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $61.92.

A number of brokerages have recently commented on DT. UBS Group initiated coverage on shares of Dynatrace in a report on Wednesday, November 27th. They set a "neutral" rating and a $58.00 target price on the stock. BTIG Research upped their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Barclays upped their price target on Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Friday, November 8th.

Dynatrace Stock Up 0.5 %

DT opened at $51.31 on Tuesday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The stock has a market cap of $15.31 billion, a PE ratio of 93.29, a PEG ratio of 7.39 and a beta of 1.02. The business has a 50 day moving average of $54.27 and a 200-day moving average of $51.32.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DT. Riverview Trust Co raised its stake in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after buying an additional 257 shares during the period. UMB Bank n.a. lifted its holdings in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company's stock valued at $38,000 after purchasing an additional 535 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of Dynatrace in the third quarter worth approximately $38,000. Nisa Investment Advisors LLC increased its stake in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after buying an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Dynatrace in the 3rd quarter worth approximately $52,000. Hedge funds and other 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.