Dynatrace (NYSE:DT) Price Target Lowered to $49.00 at BMO Capital Markets

Dynatrace (NYSE:DT) had its price target trimmed by BMO Capital Markets from $54.00 to $49.00 in a report published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada reduced their price target on Dynatrace from $66.00 to $60.00 and set an outperform rating for the company in a report on Thursday, May 16th. Truist Financial reiterated a buy rating and set a $60.00 price objective (down from $70.00) on shares of Dynatrace in a research note on Thursday, May 16th. Wells Fargo & Company cut their price objective on Dynatrace from $75.00 to $60.00 and set an overweight rating for the company in a research note on Thursday, May 16th. Bank of America cut their price objective on Dynatrace from $70.00 to $68.00 and set a buy rating for the company in a research note on Thursday, May 16th. Finally, Robert W. Baird cut their price objective on Dynatrace from $65.00 to $62.00 and set an outperform rating for the company in a research note on Thursday, May 16th. Six 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 presently has a consensus rating of Moderate Buy and an average price target of $60.56.

Dynatrace Trading Up 0.3 %

NYSE DT opened at $44.15 on Friday. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 84.91, a PEG ratio of 6.64 and a beta of 1.04. Dynatrace has a twelve month low of $42.31 and a twelve month high of $61.41. The stock has a 50-day moving average of $45.42 and a 200 day moving average of $48.41.

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

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the transaction, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $46.41, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 15,404 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the transaction, the executive vice president now owns 237,772 shares in the company, valued at $10,514,277.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,274 shares of company stock worth $3,883,271. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DT. Contravisory Investment Management Inc. acquired a new position in Dynatrace during the fourth quarter worth $25,000. IFM Investors Pty Ltd lifted its stake in Dynatrace by 5.3% during the fourth quarter. IFM Investors Pty Ltd now owns 45,968 shares of the company’s stock worth $2,514,000 after purchasing an additional 2,328 shares in the last quarter. Yarbrough Capital LLC acquired a new position in Dynatrace during the fourth quarter worth $387,000. Raymond James & Associates raised its stake in shares of Dynatrace by 10.8% in the fourth quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock valued at $12,864,000 after acquiring an additional 22,903 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Dynatrace by 2.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 67,358 shares of the company’s stock valued at $3,684,000 after acquiring an additional 1,366 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.