Dynatrace (NYSE:DT) Stock Rating Reaffirmed by Royal Bank of Canada

Dynatrace (NYSE:DTGet Free Report)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank of Canada in a note issued to investors on Friday, Benzinga reports. They presently have a $66.00 price objective on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 22.68% from the stock’s current price.

Several other brokerages have also recently issued reports on DT. Guggenheim began coverage on Dynatrace in a research note on Monday, October 23rd. They issued a “buy” rating and a $58.00 price objective for the company. JMP Securities lifted their price objective on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. Citigroup raised their target price on Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Rosenblatt Securities raised their target price on Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Truist Financial raised their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.50.

Check Out Our Latest Analysis on DT

Dynatrace Price Performance

Shares of Dynatrace stock opened at $53.80 on Friday. The business has a 50-day moving average of $55.88 and a 200 day moving average of $50.91. Dynatrace has a 12 month low of $37.21 and a 12 month high of $61.41. The stock has a market capitalization of $15.84 billion, a price-to-earnings ratio of 81.52, a price-to-earnings-growth ratio of 7.41 and a beta of 1.13.

Insider Buying and Selling

In other Dynatrace news, SVP Bernd Greifeneder sold 4,715 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $54.63, for a total value of $257,580.45. Following the completion of the transaction, the senior vice president now owns 996,916 shares of the company’s stock, valued at approximately $54,461,521.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Bernd Greifeneder sold 4,715 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $54.63, for a total value of $257,580.45. Following the sale, the senior vice president now directly owns 996,916 shares in the company, valued at approximately $54,461,521.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthias Dollentz-Scharer sold 2,074 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $54.63, for a total value of $113,302.62. Following the completion of the sale, the insider now owns 74,721 shares in the company, valued at $4,082,008.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,896 shares of company stock valued at $5,207,653. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC raised its stake in Dynatrace by 35.9% during the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after buying an additional 187 shares during the period. Advisory Services Network LLC raised its stake in Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after buying an additional 223 shares during the period. Zions Bancorporation N.A. raised its stake in Dynatrace by 1.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 24,426 shares of the company’s stock worth $1,257,000 after buying an additional 230 shares during the period. Avior Wealth Management LLC raised its stake in Dynatrace by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock worth $376,000 after buying an additional 234 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in Dynatrace by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock worth $416,000 after buying an additional 240 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Company Profile

(Get Free Report)

Dynatrace, Inc provides a security platform for multicloud environments. It 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.

Recommended Stories

Analyst Recommendations for Dynatrace (NYSE:DT)

Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.