Jefferies Financial Group Has Lowered Expectations for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT - Get Free Report) had its target price reduced by equities research analysts at Jefferies Financial Group from $65.00 to $60.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price target points to a potential upside of 39.41% from the company's previous close.

Other research analysts have also issued research reports about the company. DA Davidson set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. UBS Group raised their target price on shares of Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.13.

Dynatrace Stock Down 0.8 %

Shares of DT traded down $0.34 during mid-day trading on Monday, reaching $43.04. 3,207,357 shares of the company's stock were exchanged, compared to its average volume of 3,229,932. Dynatrace has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 7.05 and a beta of 1.05. The company has a 50-day simple moving average of $52.65 and a two-hundred day simple moving average of $53.80.

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Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company's stock.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors have recently modified their holdings of DT. Dragoneer Investment Group LLC acquired a new position in Dynatrace during the fourth quarter valued at approximately $242,380,000. Alyeska Investment Group L.P. bought a new position in Dynatrace in the 4th quarter worth $204,000,000. Norges Bank acquired a new position in Dynatrace during the 4th quarter worth $192,284,000. Raymond James Financial Inc. bought a new stake in Dynatrace during the fourth quarter valued at about $102,209,000. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Dynatrace in the fourth quarter valued at about $73,906,000. Institutional investors and hedge funds 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.