Dynatrace, Inc. (NYSE:DT) Receives $60.46 Consensus Target Price from Analysts

Shares of Dynatrace, Inc. (NYSE:DT) have been given an average rating of “Moderate Buy” by the twenty-four analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $61.50.

DT has been the topic of a number of recent analyst reports. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $52.00 to $64.00 in a report on Monday, October 7th. Wedbush started coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Guggenheim lifted their price objective on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now directly owns 41,471 shares in the company, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently modified their holdings of DT. Vanguard Group Inc. lifted its position in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after buying an additional 1,680,971 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Dynatrace by 89.7% in the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after acquiring an additional 22,928 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Dynatrace by 640.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock worth $8,469,000 after buying an additional 157,739 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in Dynatrace during the 2nd quarter worth $1,295,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Dynatrace by 1,146.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after acquiring an additional 2,030,915 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Trading Up 1.1 %

Shares of NYSE DT opened at $53.48 on Thursday. The firm has a fifty day simple moving average of $52.90 and a two-hundred day simple moving average of $48.41. The firm has a market capitalization of $15.93 billion, a PE ratio of 97.24, a price-to-earnings-growth ratio of 7.77 and a beta of 1.06. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41.

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.