Dynatrace (NYSE:DT) Sets New 52-Week Low on Analyst Downgrade

Dynatrace, Inc. (NYSE:DT)’s share price reached a new 52-week low during trading on Wednesday after Loop Capital lowered their price target on the stock from $50.00 to $45.00. Loop Capital currently has a hold rating on the stock. Dynatrace traded as low as $42.94 and last traded at $43.58, with a volume of 371035 shares changing hands. The stock had previously closed at $43.44.

DT has been the subject of several other reports. TD Cowen reduced their price objective on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Barclays lowered their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 20th. JPMorgan Chase & Co. dropped their price objective on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, April 1st. BMO Capital Markets decreased their price objective on shares of Dynatrace from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Finally, Guggenheim reiterated a “buy” rating and issued a $60.00 price target on shares of Dynatrace in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.96.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related 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 directly owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Dynatrace

Institutional investors have recently modified their holdings of the stock. Contravisory Investment Management Inc. acquired a new stake in shares of Dynatrace during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares in the last quarter. DSM Capital Partners LLC bought a new position in shares of Dynatrace in the 4th quarter valued at $28,000. Rise Advisors LLC acquired a new position in shares of Dynatrace during the 1st quarter worth $30,000. Finally, NewSquare Capital LLC bought a new stake in shares of Dynatrace during the 4th quarter worth $32,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Up 0.6 %

The firm has a 50 day moving average of $46.13 and a two-hundred day moving average of $49.75. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 84.39, a price-to-earnings-growth ratio of 6.56 and a beta of 1.05.

Dynatrace (NYSE:DT) last issued 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). The company had revenue of $380.85 million during the quarter, compared to the consensus estimate of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. Sell-side analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

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.