Barclays Has Lowered Expectations for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT - Get Free Report) had its target price cut by Barclays from $67.00 to $55.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 19.23% from the stock's current price.

A number of other equities research analysts have also weighed in on DT. Wedbush restated an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. Robert W. Baird set a $65.00 price target on Dynatrace in a report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Finally, Jefferies Financial Group dropped their target price on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.95.

Dynatrace Trading Up 4.8 %

NYSE:DT traded up $2.12 on Monday, reaching $46.13. The stock had a trading volume of 2,544,059 shares, compared to its average volume of 3,220,360. The company has a 50-day moving average of $49.77 and a 200 day moving average of $53.25. The stock has a market cap of $13.81 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00.

Insiders Place Their Bets

In other news, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 over the last 90 days. Corporate insiders own 0.59% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Stifel Financial Corp grew its stake in shares of Dynatrace by 15.7% during the third quarter. Stifel Financial Corp now owns 16,014 shares of the company's stock valued at $856,000 after purchasing an additional 2,177 shares during the last quarter. Barclays PLC boosted its position in Dynatrace by 85.3% in the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after buying an additional 981,964 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Dynatrace in the 3rd quarter valued at $131,000. Tidal Investments LLC increased its stake in shares of Dynatrace by 2.7% in the 3rd quarter. Tidal Investments LLC now owns 35,113 shares of the company's stock valued at $1,877,000 after buying an additional 923 shares during the period. Finally, Synovus Financial Corp raised its position in shares of Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock worth $3,427,000 after acquiring an additional 13,957 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

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.