Dynatrace (NYSE:DT) Hits New 12-Month Low at $42.07

Dynatrace, Inc. (NYSE:DT) hit a new 52-week low during trading on Thursday . The company traded as low as $42.07 and last traded at $42.29, with a volume of 1662686 shares trading hands. The stock had previously closed at $43.92.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Guggenheim dropped their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. TD Cowen dropped their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Robert W. Baird reduced their price objective on Dynatrace from $65.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. BMO Capital Markets dropped their target price on shares of Dynatrace from $54.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 19th. Finally, Royal Bank of Canada reduced their price target on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.38.

Dynatrace Price Performance

The company has a market cap of $12.31 billion, a P/E ratio of 79.40, a PEG ratio of 6.40 and a beta of 1.04. The business’s 50 day moving average price is $44.67 and its 200-day moving average price is $47.80.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business 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%. As a group, research analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the 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 directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Dan Zugelder sold 15,404 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $2,320,500.00. Following the transaction, the chief executive officer now owns 732,491 shares in the company, valued at $33,994,907.31. The disclosure for this sale can be found here. Insiders have sold a total of 84,274 shares of company stock valued at $3,883,271 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

A number of large investors have recently bought and sold shares of the company. Lindbrook Capital LLC lifted its position in shares of Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after buying an additional 187 shares during the last quarter. 1492 Capital Management LLC lifted its position in Dynatrace by 1.0% during the fourth quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock worth $1,266,000 after acquiring an additional 224 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Dynatrace by 3.8% during the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock worth $284,000 after acquiring an additional 226 shares during the period. Geneos Wealth Management Inc. grew its holdings in 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 buying an additional 230 shares in the last quarter. Finally, McAdam LLC lifted its holdings in shares of Dynatrace by 1.9% during the first quarter. McAdam LLC now owns 12,818 shares of the company’s stock worth $595,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.