Dynatrace (NYSE:DT) Price Target Cut to $60.00

Dynatrace (NYSE:DTGet Free Report) had its price target reduced by research analysts at JPMorgan Chase & Co. from $65.00 to $60.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 32.00% from the company’s previous close.

A number of other research analysts have also issued reports on DT. Capital One Financial assumed coverage on shares of Dynatrace in a research report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price on the stock. Barclays decreased their target price on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 20th. Citigroup upped their price target on shares of Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, Morgan Stanley started coverage on shares of Dynatrace in a report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.04.

Check Out Our Latest Analysis on DT

Dynatrace Stock Performance

Shares of DT opened at $45.46 on Monday. Dynatrace has a 52 week low of $40.27 and a 52 week high of $61.41. The firm has a market cap of $13.38 billion, a P/E ratio of 69.30, a price-to-earnings-growth ratio of 4.72 and a beta of 1.07. The firm’s 50-day simple moving average is $51.05 and its 200 day simple moving average is $50.95.

Dynatrace (NYSE:DTGet Free Report) last announced its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The firm had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. As a group, equities analysts forecast that Dynatrace will post 0.62 earnings per share for the current year.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Dan Zugelder sold 6,596 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total transaction of $371,025.00. Following the completion of the sale, the senior vice president now directly owns 96,020 shares in the company, valued at $5,401,125. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,285,187 shares of company stock valued at $751,264,421. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently modified their holdings of DT. Contravisory Investment Management Inc. acquired a new stake in Dynatrace in the fourth quarter worth $25,000. Quarry LP acquired a new stake in Dynatrace in the first quarter worth $26,000. DSM Capital Partners LLC acquired a new stake in Dynatrace in the fourth quarter worth $28,000. Advisory Services Network LLC grew its holdings in Dynatrace by 50.9% in the first quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after purchasing an additional 223 shares during the period. Finally, NewSquare Capital LLC acquired a new stake in Dynatrace in the fourth quarter worth $32,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Dynatrace (NYSE:DT)

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