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

Dynatrace (NYSE:DT) had its price target hoisted by research analysts at Stifel Nicolaus from $65.00 to $69.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 12.60% from the company’s current price.

A number of other brokerages also recently issued reports on DT. Jefferies Financial Group boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Loop Capital lifted their target price on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets lifted their target price on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, 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 research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus target price of $62.04.

Dynatrace Price Performance

Shares of DT stock opened at $61.28 on Wednesday. Dynatrace has a 1 year low of $39.42 and a 1 year high of $63.00. The firm has a fifty day moving average price of $55.97 and a 200-day moving average price of $53.71. The company has a market cap of $18.34 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 7.18 and a beta of 1.04.

Insider Activity

In other news, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,459 shares of company stock worth $7,634,682. 0.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC grew its holdings in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Dynatrace during the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC grew its holdings in 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 purchasing an additional 530 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after purchasing an additional 669 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after purchasing an additional 606 shares during 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.