Dynatrace (NYSE:DT) Stock Price Expected to Rise, Scotiabank Analyst Says

Dynatrace (NYSE:DT) had its price target boosted by Scotiabank from $62.00 to $67.00 in a research report report published on Friday,Benzinga reports. They currently have a sector outperform rating on the stock.

Several other equities analysts also recently weighed in on the stock. BTIG Research lifted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. UBS Group started coverage on Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective for the company. Jefferies Financial Group upped their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays raised their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Loop Capital upped their price objective on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.24.

Dynatrace Stock Up 0.1 %

Shares of DT stock opened at $57.82 on Friday. The stock has a market cap of $17.26 billion, a P/E ratio of 105.12, a P/E/G ratio of 8.34 and a beta of 1.02. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The business has a fifty day simple moving average of $54.75 and a 200-day simple moving average of $51.92.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DT. Riverview Trust Co raised its holdings in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares during the period. UMB Bank n.a. grew its position in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after acquiring an additional 535 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Dynatrace during the third quarter valued at approximately $38,000. Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 530 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of Dynatrace during the third quarter worth $52,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.