Dynatrace (NYSE:DT) PT Lowered to $45.00

Dynatrace (NYSE:DT) had its target price cut by analysts at Loop Capital from $50.00 to $45.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s price target suggests a potential upside of 2.23% from the stock’s previous close.

Several other equities analysts have also commented on DT. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, June 18th. Bank of America reduced their target price on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. TD Cowen reduced their target price on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. JPMorgan Chase & Co. reduced their target price on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st. Finally, Guggenheim reissued a “buy” rating and issued a $60.00 target price on shares of Dynatrace in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.96.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $44.02 on Wednesday. The firm has a fifty day moving average price of $46.13 and a 200 day moving average price of $49.75. Dynatrace has a fifty-two week low of $42.94 and a fifty-two week high of $61.41. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 84.39, a P/E/G ratio of 6.56 and a beta of 1.05.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The business had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. As a group, research analysts predict that Dynatrace will post 0.71 earnings per share for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the transaction, the executive vice president now owns 253,176 shares of the company’s stock, valued at approximately $11,828,382.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the sale, the chief executive officer now directly owns 732,491 shares in the company, valued at approximately $33,994,907.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now owns 253,176 shares in the company, valued at $11,828,382.72. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Dynatrace by 8.7% in the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock worth $338,053,000 after purchasing an additional 583,220 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Dynatrace by 10.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after purchasing an additional 375,463 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Dynatrace in the 1st quarter worth approximately $133,701,000. Finally, Norges Bank acquired a new stake in Dynatrace in the 4th quarter worth approximately $148,515,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Company Profile

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.