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

Dynatrace (NYSE:DT - Free Report) had its target price lowered by DA Davidson from $70.00 to $52.00 in a research note published on Monday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

DT has been the topic of several other reports. Wedbush reaffirmed an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Morgan Stanley increased their price objective on Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.83.

Dynatrace Price Performance

NYSE:DT traded down $0.12 during mid-day trading on Monday, reaching $43.08. The stock had a trading volume of 2,457,219 shares, compared to its average volume of 3,226,094. The stock has a 50-day simple moving average of $50.91 and a two-hundred day simple moving average of $53.46. Dynatrace has a 12 month low of $39.30 and a 12 month high of $63.00. The stock has a market capitalization of $12.90 billion, a PE ratio of 26.93, a P/E/G ratio of 7.05 and a beta of 1.05.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC boosted its position in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the period. Captrust Financial Advisors raised its holdings in shares of Dynatrace by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after purchasing an additional 177 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock worth $105,000 after buying an additional 206 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Dynatrace by 6.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock valued at $183,000 after buying an additional 216 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock valued at $500,000 after acquiring an additional 222 shares during 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.