Rosenblatt Securities Trims Dynatrace (NYSE:DT) Target Price to $53.00

Dynatrace (NYSE:DTGet Rating) had its target price cut by research analysts at Rosenblatt Securities from $55.00 to $53.00 in a research note issued on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 27.28% from the company’s current price.

Several other research firms also recently commented on DT. TheStreet raised shares of Dynatrace from a “d+” rating to a “c” rating in a research note on Thursday, June 23rd. Canaccord Genuity Group started coverage on shares of Dynatrace in a report on Friday, July 8th. They issued a “buy” rating and a $55.00 target price on the stock. JMP Securities cut their price target on shares of Dynatrace from $80.00 to $50.00 and set a “market outperform” rating on the stock in a report on Friday, May 20th. Needham & Company LLC raised their price objective on Dynatrace from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Citigroup lowered their price objective on Dynatrace from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, July 22nd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $58.94.

Dynatrace Trading Up 2.2 %

Shares of DT opened at $41.64 on Thursday. The company has a market capitalization of $11.96 billion, a P/E ratio of 297.43, a P/E/G ratio of 5.51 and a beta of 1.30. Dynatrace has a 1-year low of $29.41 and a 1-year high of $80.13. The firm’s 50 day simple moving average is $39.67 and its 200 day simple moving average is $41.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.10.

Dynatrace (NYSE:DTGet Rating) last posted its quarterly earnings results on Wednesday, May 18th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $252.60 million for the quarter, compared to analysts’ expectations of $246.54 million. Dynatrace had a return on equity of 7.93% and a net margin of 4.18%. The company’s revenue was up 28.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. Sell-side analysts forecast that Dynatrace will post 0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dynatrace news, CAO Alicia Allen sold 1,336 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $34.26, for a total transaction of $45,771.36. Following the completion of the sale, the chief accounting officer now directly owns 69,738 shares in the company, valued at approximately $2,389,223.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Dynatrace news, CAO Alicia Allen sold 1,336 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $34.26, for a total transaction of $45,771.36. Following the completion of the sale, the chief accounting officer now directly owns 69,738 shares in the company, valued at approximately $2,389,223.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bernd Greifeneder sold 6,927 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $34.27, for a total value of $237,388.29. Following the sale, the senior vice president now owns 856,942 shares of the company’s stock, valued at $29,367,402.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,468 shares of company stock valued at $564,303. 0.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. MML Investors Services LLC grew its stake in shares of Dynatrace by 15.5% during the 4th quarter. MML Investors Services LLC now owns 31,644 shares of the company’s stock valued at $1,910,000 after acquiring an additional 4,243 shares during the period. State Street Corp grew its stake in shares of Dynatrace by 2.6% during the 4th quarter. State Street Corp now owns 4,153,521 shares of the company’s stock valued at $250,665,000 after acquiring an additional 106,732 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Dynatrace by 46.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 815,363 shares of the company’s stock worth $49,207,000 after purchasing an additional 257,743 shares during the period. Renaissance Technologies LLC boosted its stake in Dynatrace by 611.5% in the 4th quarter. Renaissance Technologies LLC now owns 451,800 shares of the company’s stock worth $27,266,000 after purchasing an additional 388,300 shares during the period. Finally, Lee Capital Holdings LLC bought a new position in Dynatrace in the 4th quarter worth approximately $4,041,000. 93.84% of the stock is currently owned by institutional investors.

Dynatrace Company Profile

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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