Dynatrace (NYSE:DT) PT Lowered to $58.00 at TD Cowen

Dynatrace (NYSE:DT) had its price objective trimmed by TD Cowen from $62.00 to $58.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on DT. Royal Bank of Canada reiterated an outperform rating and issued a $66.00 target price on shares of Dynatrace in a research note on Friday, February 9th. Jefferies Financial Group upgraded Dynatrace from a hold rating to a buy rating and upped their target price for the company from $50.00 to $70.00 in a research note on Friday, January 5th. JPMorgan Chase & Co. dropped their target price on Dynatrace from $65.00 to $60.00 and set an overweight rating for the company in a research note on Monday, April 1st. Barclays dropped their target price on Dynatrace from $59.00 to $52.00 and set an equal weight rating for the company in a research note on Wednesday, March 20th. Finally, Scotiabank upped their target price on Dynatrace from $62.00 to $70.00 and gave the company a sector outperform rating in a research note on Monday, February 5th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $61.08.

Dynatrace Stock Down 1.9 %

Shares of NYSE:DT opened at $45.40 on Friday. Dynatrace has a 52-week low of $40.43 and a 52-week high of $61.41. The stock’s fifty day simple moving average is $47.55 and its 200-day simple moving average is $50.83. The company has a market capitalization of $13.37 billion, a P/E ratio of 68.79, a P/E/G ratio of 3.97 and a beta of 1.07.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The business had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. On average, sell-side analysts anticipate that Dynatrace will post 0.62 earnings per share for the current year.

Insider Activity at Dynatrace

In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the transaction, the insider now owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $52.61, for a total transaction of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the transaction, the insider now directly owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,278,591 shares of company stock valued at $750,893,396. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Lindbrook Capital LLC lifted its holdings in Dynatrace by 35.9% during the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after buying an additional 187 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Dynatrace by 50.9% in the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after purchasing an additional 223 shares during the last quarter. 1492 Capital Management LLC lifted its holdings in shares of Dynatrace by 1.0% in the 4th quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock worth $1,266,000 after purchasing an additional 224 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Dynatrace by 3.0% in the 3rd quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock worth $376,000 after purchasing an additional 234 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Dynatrace by 2.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock worth $416,000 after purchasing an additional 240 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

About Dynatrace

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.