Morgan Stanley Cuts Dynatrace (NYSE:DT) Price Target to $50.00

Dynatrace (NYSE:DT - Get Free Report) had its price objective lowered by equities researchers at Morgan Stanley from $62.00 to $50.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 16.05% from the stock's current price.

A number of other research analysts have also recently commented on the stock. Rosenblatt Securities reissued a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Scotiabank raised their price objective on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Jefferies Financial Group reduced their target price on Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Finally, BMO Capital Markets dropped their target price on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.83.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $0.12 during trading on Wednesday, reaching $43.08. 2,457,219 shares of the stock were exchanged, compared to its average volume of 3,226,094. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00. The firm's 50-day moving average price is $50.91 and its 200 day moving average price is $53.46. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

Insider Buying and Selling

In related news, CFO James M. Benson sold 34,932 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This 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 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 sale, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,432 shares of company stock valued at $7,159,599. Corporate insiders own 0.59% of the company's stock.

Hedge Funds Weigh In On Dynatrace

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace in the fourth quarter valued at $38,000. 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. Nisa Investment Advisors LLC lifted its holdings in shares of Dynatrace by 271.8% during 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. Finally, CX Institutional acquired a new stake in shares of Dynatrace in the 1st quarter valued at $40,000. 94.28% of the stock is owned by institutional investors.

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.