Barclays Issues Pessimistic Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its target price decreased by stock analysts at Barclays from $67.00 to $55.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 28.35% from the company’s current price.

Several other brokerages have also recently commented on DT. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Wedbush restated an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Jefferies Financial Group cut their price objective on Dynatrace from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Finally, Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.45.

Dynatrace Stock Performance

Shares of DT stock opened at $42.85 on Monday. Dynatrace has a 1 year low of $39.30 and a 1 year high of $63.00. The business’s fifty day moving average is $50.12 and its 200-day moving average is $53.32. The stock has a market cap of $12.83 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

Insider Activity at Dynatrace

In other news, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction 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 $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DT. Dragoneer Investment Group LLC acquired a new stake in Dynatrace in the 4th quarter valued at approximately $242,380,000. Alyeska Investment Group L.P. acquired a new position in shares of Dynatrace in the fourth quarter valued at $204,000,000. Norges Bank acquired a new position in shares of Dynatrace in the fourth quarter valued at $192,284,000. Raymond James Financial Inc. bought a new position in Dynatrace in the fourth quarter worth $102,209,000. Finally, TimesSquare Capital Management LLC acquired a new stake in Dynatrace during the fourth quarter worth $73,906,000. 94.28% of the stock is owned by institutional investors.

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.