Dynatrace (NYSE:DT) Given New $69.00 Price Target at Stifel Nicolaus

Dynatrace (NYSE:DT) had its target price boosted by Stifel Nicolaus from $65.00 to $69.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on DT. BTIG Research boosted their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada boosted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Barclays lifted their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.04.

Dynatrace Trading Down 1.1 %

DT stock opened at $61.68 on Wednesday. The firm’s 50-day moving average price is $55.87 and its two-hundred day moving average price is $53.66. Dynatrace has a 12-month low of $39.42 and a 12-month high of $63.00. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 7.06 and a beta of 1.04.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 127,459 shares of company stock worth $7,634,682. Corporate insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DT. Dragoneer Investment Group LLC purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $242,380,000. Alyeska Investment Group L.P. purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $204,000,000. Norges Bank purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $192,284,000. Holocene Advisors LP purchased a new position in shares of Dynatrace during the third quarter valued at approximately $126,592,000. Finally, Raymond James Financial Inc. purchased a new stake in Dynatrace during the fourth quarter valued at approximately $102,209,000. 94.28% of the stock is 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.