Dynatrace, Inc. (NYSE:DT) Receives $61.88 Consensus Target Price from Analysts

Dynatrace, Inc. (NYSE:DT - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-five brokerages that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $61.88.

DT has been the topic of a number of analyst reports. Truist Financial boosted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Friday, November 8th. Rosenblatt Securities restated a "buy" rating and issued a $65.00 target price on shares of Dynatrace in a research note on Wednesday, November 6th. Guggenheim lifted their target price on Dynatrace from $55.00 to $64.00 and gave the company a "buy" rating in a report on Friday, September 27th. Finally, BTIG Research increased their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction that occurred on Friday, October 11th. The shares were 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 owns 41,471 shares of the company's stock, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,027 shares of company stock worth $3,168,084. 0.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Virtue Capital Management LLC increased its holdings in Dynatrace by 4.2% during the 3rd 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. Atria Investments Inc boosted its stake in shares of Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company's stock valued at $385,000 after purchasing an additional 240 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company's stock valued at $470,000 after purchasing an additional 248 shares in the last quarter. Riverview Trust Co increased its position in shares of 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 buying an additional 257 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its stake in Dynatrace by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company's stock worth $392,000 after buying an additional 266 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Trading Down 0.7 %

Shares of NYSE DT traded down $0.41 during midday trading on Friday, hitting $54.69. The company's stock had a trading volume of 908,185 shares, compared to its average volume of 3,345,968. The stock has a fifty day moving average price of $54.81 and a 200 day moving average price of $50.43. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of 99.44, a P/E/G ratio of 8.20 and a beta of 1.01. Dynatrace has a one year low of $39.42 and a one year high of $61.41.

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.