Dynatrace (NYSE:DT) Given New $55.00 Price Target at Barclays

Dynatrace (NYSE:DT - Get Free Report) had its target price dropped by equities research analysts at Barclays from $67.00 to $55.00 in a research note issued on Monday, Marketbeat reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 18.46% from the stock's current price.

Several other equities research analysts also recently commented on the stock. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Morgan Stanley reduced their price target on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group dropped their price objective on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 7th. Scotiabank boosted their target price on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.95.

Dynatrace Price Performance

Shares of DT traded up $0.30 during mid-day trading on Monday, reaching $46.43. The company had a trading volume of 1,797,854 shares, compared to its average volume of 3,217,475. The company has a market capitalization of $13.90 billion, a P/E ratio of 29.02, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace has a twelve month low of $39.30 and a twelve month high of $63.00. The company's 50-day moving average is $49.15 and its 200-day moving average is $53.16.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares of the company's stock, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction on 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 sale, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Dynatrace by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after acquiring an additional 484,877 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Dynatrace by 5.6% during the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after buying an additional 493,987 shares during the period. American Century Companies Inc. raised its position in Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock valued at $411,449,000 after buying an additional 700,332 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Dynatrace by 13.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock valued at $381,860,000 after acquiring an additional 834,225 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Dynatrace by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock worth $282,985,000 after acquiring an additional 87,857 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

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.