Needham & Company LLC Cuts Dynatrace (NYSE:DT) Price Target to $42.00

Dynatrace (NYSE:DTGet Rating) had its target price cut by Needham & Company LLC from $56.00 to $42.00 in a research note issued to investors on Thursday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.

DT has been the subject of a number of other reports. Bank of America reduced their price target on shares of Dynatrace from $82.00 to $70.00 and set a buy rating for the company in a research report on Thursday, February 3rd. Barclays reduced their price target on shares of Dynatrace from $55.00 to $45.00 and set an overweight rating for the company in a research report on Thursday. Canaccord Genuity Group reduced their target price on shares of Dynatrace from $80.00 to $60.00 in a report on Thursday, February 3rd. Royal Bank of Canada reduced their target price on shares of Dynatrace from $65.00 to $47.00 in a report on Friday, May 13th. Finally, BTIG Research cut shares of Dynatrace from a buy rating to a neutral rating in a report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of $60.33.

Shares of DT opened at $37.97 on Thursday. Dynatrace has a 1-year low of $29.41 and a 1-year high of $80.13. The stock has a market cap of $10.85 billion, a PE ratio of 210.96, a price-to-earnings-growth ratio of 6.36 and a beta of 1.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a fifty day moving average price of $41.34 and a 200 day moving average price of $50.05.

Dynatrace (NYSE:DTGet Rating) last announced its quarterly earnings results on Wednesday, May 18th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Dynatrace had a net margin of 5.64% and a return on equity of 8.59%. The firm had revenue of $252.60 million during the quarter, compared to analysts’ expectations of $246.54 million. During the same period in the previous year, the company earned $0.11 earnings per share. Dynatrace’s quarterly revenue was up 28.5% compared to the same quarter last year. As a group, equities analysts expect that Dynatrace will post 0.45 EPS for the current fiscal year.

In other Dynatrace news, Director Paul Andrew Zuber sold 2,500 shares of the company’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $43.83, for a total transaction of $109,575.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Stephen J. Pace sold 3,972 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $34.27, for a total transaction of $136,120.44. Following the transaction, the executive now owns 71,438 shares in the company, valued at $2,448,180.26. The disclosure for this sale can be found here. Insiders have sold 18,968 shares of company stock valued at $673,878 over the last three months. 0.88% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Dark Forest Capital Management LP acquired a new stake in shares of Dynatrace in the third quarter valued at approximately $44,000. Signaturefd LLC grew its position in shares of Dynatrace by 133.9% in the first quarter. Signaturefd LLC now owns 753 shares of the company’s stock valued at $35,000 after purchasing an additional 431 shares during the last quarter. CWM LLC acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $48,000. NEXT Financial Group Inc grew its position in shares of Dynatrace by 135.3% in the fourth quarter. NEXT Financial Group Inc now owns 800 shares of the company’s stock valued at $48,000 after purchasing an additional 460 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $50,000. Institutional investors own 93.84% of the company’s stock.

Dynatrace Company Profile (Get Rating)

Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform for running and optimizing the applications and services. The company's products include AppMon that works in various application environments, such as Java, .NET, PHP, Node.js, GoLang, SQL, NoSQL, CICS, IMS, AWS Lambda, Google Cloud Functions, and Microsoft Azure Functions; and Classic Real User Monitoring.

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