Dynatrace (NYSE:DT) Given New $62.00 Price Target at UBS Group

Dynatrace (NYSE:DT) had its target price boosted by UBS Group from $58.00 to $62.00 in a report released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on DT. Jefferies Financial Group raised their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Loop Capital raised their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Barclays raised their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Rosenblatt Securities reissued a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a report on Wednesday, January 29th. Finally, BNP Paribas assumed coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target on the stock. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Dynatrace Stock Performance

Dynatrace stock opened at $57.82 on Friday. The firm’s fifty day moving average price is $54.80 and its 200-day moving average price is $52.08. The stock has a market cap of $17.26 billion, a P/E ratio of 105.12, a price-to-earnings-growth 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.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value 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. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Holocene Advisors LP purchased a new position in shares of Dynatrace during the third quarter valued at approximately $126,592,000. State Street Corp raised its holdings in shares of Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. Barclays PLC raised its holdings in shares of Dynatrace by 85.3% during the third 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after purchasing an additional 884,673 shares during the last quarter. Finally, DSM Capital Partners LLC raised its holdings in shares of Dynatrace by 55.3% during the fourth quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company’s stock valued at $133,407,000 after purchasing an additional 874,429 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other 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.