Dynatrace (NYSE:DT) PT Lowered to $58.00

Dynatrace (NYSE:DT) had its target price reduced by research analysts at TD Cowen from $62.00 to $58.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 27.75% from the stock’s current price.

Several other research analysts have also issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Dynatrace in a research report on Friday, February 9th. Capital One Financial assumed coverage on Dynatrace in a research report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price on the stock. Wolfe Research began coverage on Dynatrace in a research report on Monday, March 18th. They set an “outperform” rating and a $60.00 target price on the stock. Scotiabank boosted their price target on Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Monday, February 5th. Finally, JMP Securities boosted their price target on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average target price of $61.08.

Dynatrace Trading Down 1.9 %

DT opened at $45.40 on Friday. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 68.79, a PEG ratio of 3.97 and a beta of 1.07. Dynatrace has a 12 month low of $40.43 and a 12 month high of $61.41. The stock has a fifty day moving average price of $47.55 and a 200-day moving average price of $50.86.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $365.10 million during the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. On average, equities research analysts forecast that Dynatrace will post 0.62 EPS for the current year.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dynatrace news, insider Matthias Dollentz-Scharer sold 2,076 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $51.91, for a total value of $107,765.16. Following the sale, the insider now directly owns 72,645 shares of the company’s stock, valued at $3,771,001.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 14,278,591 shares of company stock valued at $750,893,396 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Several institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new position in shares of Dynatrace in the fourth quarter valued at approximately $25,000. DSM Capital Partners LLC acquired a new position in Dynatrace during the fourth quarter worth $28,000. NewSquare Capital LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at about $32,000. Quarry LP acquired a new stake in shares of Dynatrace during the 1st quarter worth approximately $26,000. Finally, Rise Advisors LLC purchased a new position in Dynatrace in the first quarter worth approximately $30,000. 94.28% of the stock is owned by institutional investors and hedge funds.

About Dynatrace

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.