Dynatrace (NYSE:DT) Price Target Raised to $69.00 at Stifel Nicolaus

Dynatrace (NYSE:DT - Get Free Report) had its target price lifted by Stifel Nicolaus from $65.00 to $69.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 15.41% from the stock's current price.

DT has been the topic of several other research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Tuesday. Morgan Stanley lifted their target price on shares of Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Scotiabank lifted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a report on Friday, January 31st. Wedbush reissued an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.04.

Dynatrace Trading Down 2.4 %

Shares of NYSE:DT traded down $1.45 during midday trading on Wednesday, hitting $59.79. The stock had a trading volume of 2,678,257 shares, compared to its average volume of 3,397,477. The company has a market capitalization of $17.90 billion, a PE ratio of 37.37, a P/E/G ratio of 7.10 and a beta of 1.04. The stock has a 50 day moving average price of $55.97 and a two-hundred day moving average price of $53.71. Dynatrace has a 1 year low of $39.42 and a 1 year high of $63.00.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company's stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,459 shares of company stock valued at $7,634,682 over the last 90 days. Corporate insiders own 0.59% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC bought a new position in shares of Dynatrace in the 4th quarter worth about $242,380,000. Alyeska Investment Group L.P. bought a new position in shares of Dynatrace in the 4th quarter worth about $204,000,000. Norges Bank bought a new position in shares of Dynatrace in the 4th quarter worth about $192,284,000. Holocene Advisors LP bought a new position in shares of Dynatrace in the 3rd quarter worth about $126,592,000. Finally, Raymond James Financial Inc. bought a new position in shares of Dynatrace in the 4th quarter worth about $102,209,000. 94.28% of the stock is currently 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.