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

Dynatrace (NYSE:DT) had its price target reduced by equities research analysts at Morgan Stanley from $62.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 15.55% from the stock’s previous close.

A number of other analysts have also recently weighed in on DT. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. UBS Group upped their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Robert W. Baird set a $65.00 target price on Dynatrace in a research report on Friday, January 31st. Wedbush reiterated an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Finally, Stifel Nicolaus lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average target price of $61.83.

Dynatrace Stock Performance

NYSE DT traded down $0.20 during trading on Wednesday, reaching $43.27. The company’s stock had a trading volume of 829,114 shares, compared to its average volume of 3,227,102. Dynatrace has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 7.05 and a beta of 1.05. The business’s fifty day moving average price is $51.98 and its 200-day moving average price is $53.67.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated 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 approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was 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 approximately $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. In the last 90 days, insiders have 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

A number of institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in 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 acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dynatrace during the 4th quarter worth about $38,000. Nisa Investment Advisors LLC boosted its position in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares in the last quarter. Coppell Advisory Solutions LLC increased its stake in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after acquiring an additional 669 shares during the period. Finally, CX Institutional acquired a new position in Dynatrace in the first quarter worth about $40,000. 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.