Dynatrace (NYSE:DT) Stock Price Down 3% – What’s Next?

Dynatrace, Inc. (NYSE:DT)’s stock price was down 3% on Monday . The company traded as low as $52.59 and last traded at $53.14. Approximately 321,462 shares traded hands during trading, a decline of 69% from the average daily volume of 1,029,811 shares. The stock had previously closed at $54.81.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DT. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Scotiabank upped their price objective on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price for the company. BMO Capital Markets boosted their price target on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group increased their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.08.

Dynatrace Trading Down 0.2 %

The company has a market cap of $15.57 billion, a PE ratio of 94.85, a PEG ratio of 8.20 and a beta of 1.02. The business’s 50 day moving average is $54.79 and its two-hundred day moving average is $50.94.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the company’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 sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,027 shares of company stock valued at $3,168,084. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Large investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace in the 2nd quarter valued at about $26,000. Riverview Trust Co grew its stake in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. Paladin Wealth LLC acquired a new position in Dynatrace during the third quarter valued at $38,000. UMB Bank n.a. boosted its holdings in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Dynatrace during the 3rd quarter worth about $52,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Dynatrace

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.