Dynatrace (NYSE:DT) Price Target Lowered to $52.00 at DA Davidson

Dynatrace (NYSE:DT) had its price objective dropped by research analysts at DA Davidson from $70.00 to $52.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price target would indicate a potential upside of 19.43% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Wedbush restated an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. BMO Capital Markets reduced their price objective on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Finally, Scotiabank raised their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average price target of $62.35.

Dynatrace Trading Up 1.0 %

NYSE:DT traded up $0.43 during trading hours on Monday, reaching $43.54. The company had a trading volume of 1,560,584 shares, compared to its average volume of 3,197,633. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 7.05 and a beta of 1.05. The firm’s 50 day moving average price is $52.65 and its 200-day moving average price is $53.81. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DT. Retirement Systems of Alabama lifted its stake in Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after acquiring an additional 64,999 shares during the period. Synovus Financial Corp grew its position in Dynatrace by 27.8% during the 3rd 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 during the period. QRG Capital Management Inc. lifted its holdings in shares of Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after buying an additional 9,251 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Dynatrace in the fourth quarter worth about $842,000. Finally, Allstate Corp purchased a new position in Dynatrace during the fourth quarter valued at approximately $471,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.