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

Dynatrace (NYSE:DT) had its price objective trimmed by Morgan Stanley from $62.00 to $50.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other analysts also recently issued reports about the company. Wells Fargo & Company set a $70.00 target price on Dynatrace in a report on Friday, January 31st. Wedbush reiterated an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. 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 report on Friday, January 31st. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Finally, Royal Bank of Canada lifted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.83.

Dynatrace Stock Down 0.3 %

Shares of Dynatrace stock opened at $43.08 on Wednesday. The firm has a market capitalization of $12.90 billion, a P/E ratio of 26.93, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00. The firm’s 50 day moving average is $50.91 and its two-hundred day moving average is $53.46.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the sale, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock valued at $7,159,599 over the last quarter. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama boosted its position in Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after purchasing an additional 64,999 shares during the period. Synovus Financial Corp lifted its stake in shares of Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after purchasing an additional 13,957 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Dynatrace by 16.9% in the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock worth $3,484,000 after buying an additional 9,251 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Dynatrace in the fourth quarter valued at about $842,000. Finally, Allstate Corp acquired a new position in Dynatrace during the 4th quarter worth approximately $471,000. 94.28% of the stock is currently owned by hedge funds and other 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.