BMO Capital Markets Lowers Dynatrace (NYSE:DT) Price Target to $55.00

Dynatrace (NYSE:DT) had its price target dropped by stock analysts at BMO Capital Markets from $63.00 to $55.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 19.62% from the stock’s previous close.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their price target on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Scotiabank raised their price objective on Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 5th. Wolfe Research initiated coverage on shares of Dynatrace in a research note on Monday, March 18th. They set an “outperform” rating and a $60.00 price objective on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Monday, April 1st. Finally, Truist Financial increased their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Dynatrace Trading Down 1.7 %

NYSE DT traded down $0.78 on Wednesday, hitting $45.98. 384,496 shares of the company’s stock were exchanged, compared to its average volume of 3,512,241. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 69.61, a P/E/G ratio of 3.95 and a beta of 1.06. Dynatrace has a 52 week low of $43.29 and a 52 week high of $61.41. The stock has a 50-day moving average of $46.47 and a 200-day moving average of $50.76.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. As a group, analysts predict that Dynatrace will post 0.62 earnings per share for the current year.

Insider Activity

In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $52.61, for a total transaction of $346,962.95. Following the completion of the transaction, the senior vice president now owns 89,425 shares of the company’s stock, valued at $4,704,649.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $1,157,250.00. Following the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. US Bancorp DE grew its holdings in Dynatrace by 89.7% during the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock valued at $2,251,000 after buying an additional 22,928 shares in the last quarter. Russell Investments Group Ltd. grew its position in Dynatrace by 1.5% during the first quarter. Russell Investments Group Ltd. now owns 213,206 shares of the company’s stock valued at $9,899,000 after buying an additional 3,201 shares during the period. Qsemble Capital Management LP acquired a new position in Dynatrace during the first quarter worth about $2,615,000. QRG Capital Management Inc. lifted its position in Dynatrace by 8.0% in the first quarter. QRG Capital Management Inc. now owns 37,656 shares of the company’s stock valued at $1,749,000 after buying an additional 2,780 shares during the last quarter. Finally, Donoghue Forlines LLC raised its position in Dynatrace by 37.9% in the 1st quarter. Donoghue Forlines LLC now owns 5,330 shares of the company’s stock valued at $248,000 after purchasing an additional 1,464 shares in the last quarter. Hedge funds and other institutional investors 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.