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

Dynatrace (NYSE:DT - Free Report) had its price target trimmed by DA Davidson from $70.00 to $52.00 in a research report report published on Monday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. BMO Capital Markets dropped their target price on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, Wedbush reaffirmed an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.83.

Dynatrace Trading Down 0.3 %

DT stock traded down $0.12 during trading on Monday, reaching $43.08. The stock had a trading volume of 2,457,219 shares, compared to its average volume of 3,226,094. Dynatrace has a 1-year low of $39.30 and a 1-year high of $63.00. The firm has a fifty day moving average price of $50.91 and a 200 day moving average price of $53.46. The company has a market capitalization of $12.90 billion, a P/E ratio of 26.93, a PEG ratio of 7.05 and a beta of 1.05.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % 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. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated 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 sale, the chief executive officer now owns 548,684 shares of the company's stock, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company's stock.

Institutional Trading of Dynatrace

Hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Dynatrace in the 4th quarter valued at $38,000. Nisa Investment Advisors LLC grew its position in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after acquiring an additional 530 shares during the period. Coppell Advisory Solutions LLC raised its stake in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares in the last quarter. Finally, CX Institutional acquired a new position in Dynatrace during the first quarter worth $40,000. 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.