Truist Financial Boosts Dynatrace (NYSE:DT) Price Target to $70.00

Dynatrace (NYSE:DT) had its price target hoisted by stock analysts at Truist Financial from $60.00 to $70.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 28.63% from the company’s current price.

A number of other analysts also recently commented on DT. BTIG Research upped their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wedbush assumed coverage on Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. UBS Group started coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 target price for the company. Finally, Jefferies Financial Group boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.88.

Dynatrace Stock Performance

Dynatrace stock opened at $54.42 on Thursday. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The firm has a 50 day moving average price of $54.71 and a 200 day moving average price of $49.83. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 98.95, a PEG ratio of 8.20 and a beta of 1.01.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 105,027 shares of company stock valued at $5,743,084. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DT. Eminence Capital LP acquired a new stake in Dynatrace during the second quarter worth about $158,369,000. Holocene Advisors LP bought a new position in shares of Dynatrace during the third quarter valued at approximately $126,592,000. State Street Corp raised its position in shares of Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after purchasing an additional 1,207,621 shares during the period. Marshall Wace LLP lifted its holdings in shares of Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after purchasing an additional 1,029,387 shares during the last quarter. Finally, Barclays PLC boosted its position in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after purchasing an additional 981,964 shares during the period. 94.28% of the stock is currently owned by institutional investors.

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.