BMO Capital Markets Issues Pessimistic Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its target price reduced by BMO Capital Markets from $70.00 to $60.00 in a research note issued on Monday,Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 23.85% from the company’s previous close.

DT has been the topic of a number of other research reports. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Barclays increased their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. DA Davidson set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Finally, Wedbush restated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.21.

Dynatrace Trading Up 2.4 %

Shares of DT opened at $48.45 on Monday. The stock has a fifty day moving average price of $55.85 and a 200-day moving average price of $54.48. Dynatrace has a 12 month low of $39.42 and a 12 month high of $63.00. The firm has a market cap of $14.50 billion, a PE ratio of 30.28, a P/E/G ratio of 7.05 and a beta of 1.12.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were 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 owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. 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. 0.59% of the stock is owned by insiders.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently made changes to their positions in DT. Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Dynatrace during the fourth quarter worth about $38,000. Nisa Investment Advisors LLC increased its position in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after acquiring an additional 669 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after acquiring an additional 606 shares during the last quarter. Institutional investors and hedge funds 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.