Brokerages Set Dynatrace, Inc. (NYSE:DT) PT at $61.74

Dynatrace, Inc. (NYSE:DT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-four analysts that are currently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $61.74.

DT has been the subject of a number of recent research reports. Scotiabank increased their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 31st. Jefferies Financial Group increased their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their target price on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Barclays increased their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Loop Capital raised their target price on Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a report on Friday, November 8th.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,459 shares of company stock worth $5,177,882 in the last three months. Company insiders own 0.59% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its holdings in shares of 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 buying an additional 176 shares during the period. Captrust Financial Advisors raised its stake in shares of Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after purchasing an additional 177 shares during the period. Versant Capital Management Inc lifted its position in shares of Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock worth $105,000 after purchasing an additional 206 shares in the last quarter. Virtue Capital Management LLC boosted its stake in shares of Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock valued at $282,000 after purchasing an additional 212 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Dynatrace by 6.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock worth $183,000 after buying an additional 216 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of DT stock traded up $0.34 during trading hours on Friday, hitting $61.64. The stock had a trading volume of 509,356 shares, compared to its average volume of 3,461,762. The firm has a market capitalization of $18.45 billion, a PE ratio of 38.54, a PEG ratio of 6.93 and a beta of 1.04. The stock's 50 day moving average is $55.66 and its 200 day moving average is $53.45. Dynatrace has a twelve month low of $39.42 and a twelve month high of $63.00.

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.