Jefferies Financial Group Cuts Dynatrace (NYSE:DT) Price Target to $65.00

Dynatrace (NYSE:DT - Get Free Report) had its price target dropped by research analysts at Jefferies Financial Group from $70.00 to $65.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price objective points to a potential upside of 34.13% from the company's previous close.

A number of other research firms have also recently issued reports on DT. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Truist Financial increased their price objective on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Morgan Stanley raised their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.35.

Dynatrace Stock Performance

Shares of Dynatrace stock traded up $0.63 on Monday, reaching $48.46. 2,259,361 shares of the stock were exchanged, compared to its average volume of 3,219,452. Dynatrace has a one year low of $39.42 and a one year high of $63.00. The firm has a market cap of $14.51 billion, a PE ratio of 30.29, a P/E/G ratio of 7.05 and a beta of 1.12. The firm's 50 day moving average is $55.33 and its 200-day moving average is $54.41.

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Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 in the last quarter. Insiders own 0.59% of the company's stock.

Institutional Investors Weigh In On Dynatrace

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Dynatrace by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock worth $1,639,260,000 after acquiring an additional 484,877 shares during the period. State Street Corp grew its position in Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Dynatrace by 5.6% during the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after acquiring an additional 493,987 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after acquiring an additional 700,332 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Dynatrace by 13.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock valued at $381,860,000 after purchasing an additional 834,225 shares in the last quarter. 94.28% of the stock is currently 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.