Dynatrace (NYSE:DT) Stock Price Expected to Rise, UBS Group Analyst Says

Dynatrace (NYSE:DT) had its target price upped by analysts at UBS Group from $58.00 to $62.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 7.24% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on DT. Truist Financial boosted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. BTIG Research increased their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Friday. Morgan Stanley increased their target price on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.24.

Dynatrace Trading Up 0.1 %

DT stock opened at $57.82 on Friday. The stock has a market cap of $17.26 billion, a P/E ratio of 105.12, a PEG ratio of 8.34 and a beta of 1.02. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The company’s 50 day moving average is $54.80 and its two-hundred day moving average is $52.02.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently modified their holdings of DT. Retirement Systems of Alabama increased its position in Dynatrace by 21.9% during the third 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 last quarter. Geode Capital Management LLC boosted its position in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the period. Synovus Financial Corp grew its stake in shares of Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after buying an additional 13,957 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Dynatrace by 56.0% during the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after purchasing an additional 9,444 shares during the period. Finally, Swiss National Bank increased its stake in Dynatrace by 6.6% during the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after buying an additional 52,000 shares during the period. 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.