Dynatrace (NYSE:DT – Get Free Report)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research report issued on Friday,RTT News reports. They currently have a $67.00 target price on the stock. Wedbush’s target price suggests a potential upside of 15.89% from the stock’s current price.
DT has been the subject of a number of other research reports. Rosenblatt Securities restated a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research report on Wednesday. BMO Capital Markets boosted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday. Finally, UBS Group raised their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.24.
Read Our Latest Analysis on Dynatrace
Dynatrace Stock Up 0.1 %
Insiders Place Their Bets
In related 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 value of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.59% of the stock is currently owned by company insiders.
Institutional Trading of Dynatrace
A number of hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the period. 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 acquiring an additional 884,673 shares during the period. RGM Capital LLC grew its stake in Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after acquiring an additional 494,028 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after acquiring an additional 648,808 shares in the last quarter. Finally, Congress Asset Management Co. lifted its position in shares of Dynatrace by 23.9% in the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock worth $133,753,000 after purchasing an additional 482,017 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.
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.
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