Dynatrace (NYSE:DT) Price Target Lowered to $50.00 at UBS Group

Dynatrace (NYSE:DT - Get Free Report) had its target price dropped by stock analysts at UBS Group from $62.00 to $50.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price target would suggest a potential upside of 8.45% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada increased their target price on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Loop Capital dropped their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus lifted their target price on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Finally, Barclays reduced their price objective on shares of Dynatrace from $67.00 to $55.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.41.

Dynatrace Trading Down 2.6 %

Shares of NYSE DT traded down $1.25 during midday trading on Wednesday, hitting $46.11. The company's stock had a trading volume of 248,328 shares, compared to its average volume of 3,214,577. The stock has a fifty day moving average price of $48.56 and a 200 day moving average price of $53.04. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace has a one year low of $39.30 and a one year high of $63.00.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares of the company's stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 business'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 sale, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 over the last 90 days. Corporate insiders own 0.59% of the company's stock.

Institutional Trading of Dynatrace

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

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