1 week Ago By ABMN Staff
Dynatrace ( NYSE:DT – Free Report ) had its price objective upped by Royal Bank of Canada from $60.00 to $65.00 in a research note released on Friday, Benzinga reports.
The brokerage currently has an outperform rating on the stock. Several other analysts have also recently weighed in on the company. Guggenheim boosted their price objective on Dynatrace from $55.
00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Truist Financial boosted their price target on shares of Dynatrace from $60.
00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.
00 price objective on shares of Dynatrace in a research note on Wednesday, November 6th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Finally, UBS Group initiated coverage on Dynatrace in a report on Wednesday, November 27th.
They issued a “neutral” rating and a $58.00 price objective for the company. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock.
According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.
View Our Latest Stock Report on Dynatrace Dynatrace Stock Performance Insiders Place Their Bets In related news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.
00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905.
This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink .
Also, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.
00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54.
This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 55,027 shares of company stock valued at $3,168,084 in the last quarter. 0.59% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Dynatrace Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in Dynatrace by 14.6% during the third quarter.
State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Dynatrace by 13.
2% during the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after acquiring an additional 782,588 shares during the last quarter.
Geode Capital Management LLC raised its stake in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares during the period.
RGM Capital LLC lifted its holdings in Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after purchasing an additional 494,028 shares during the last quarter.
Finally, Eminence Capital LP bought a new position in Dynatrace during the second quarter worth $158,369,000. 94.28% of the stock is owned by institutional investors.
About Dynatrace ( Get Free Report ) Dynatrace, Inc provides a security platform for multicloud environments 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. Read More 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.
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