Loop Capital Trims Dynatrace (NYSE:DT) Target Price to $50.00

Dynatrace (NYSE:DTGet Free Report) had its price objective cut by equities research analysts at Loop Capital from $56.00 to $50.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s price target indicates a potential upside of 3.97% from the stock’s current price.

DT has been the topic of several other reports. Rosenblatt Securities upped their price target on shares of Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. JMP Securities lifted their price target on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Thursday. Citigroup lifted their target price on shares of Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Capital One Financial started coverage on shares of Dynatrace in a research report on Wednesday, February 21st. They issued an “overweight” rating and a $64.00 price target for the company. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.54.

View Our Latest Research Report on DT

Dynatrace Price Performance

Shares of DT stock opened at $48.09 on Thursday. The stock has a market cap of $14.16 billion, a PE ratio of 92.48, a price-to-earnings-growth ratio of 4.18 and a beta of 1.06. The stock has a 50-day moving average of $46.29 and a 200-day moving average of $50.78. Dynatrace has a one year low of $43.29 and a one year high of $61.41.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several institutional investors have recently modified their holdings of DT. Contravisory Investment Management Inc. purchased a new stake in Dynatrace during the fourth quarter worth about $25,000. DSM Capital Partners LLC purchased a new stake in Dynatrace in the fourth quarter worth $28,000. Geneos Wealth Management Inc. raised its stake in shares of Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares during the period. NewSquare Capital LLC purchased a new position in shares of Dynatrace during the 4th quarter valued at $32,000. Finally, Rise Advisors LLC bought a new position in shares of Dynatrace during the 1st quarter worth $30,000. 94.28% of the stock is owned by institutional investors.

About Dynatrace

(Get Free Report)

Dynatrace, Inc provides a security platform for multicloud environments. It 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.

Featured Articles

Analyst Recommendations for Dynatrace (NYSE:DT)

Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.