Dynatrace (NYSE:DT) Price Target Lowered to $45.00 at Loop Capital

Dynatrace (NYSE:DT) had its target price decreased by Loop Capital from $50.00 to $45.00 in a research report released on Wednesday morning, Benzinga reports. Loop Capital currently has a hold rating on the stock.

Other analysts also recently issued reports about the company. Bank of America dropped their price objective on Dynatrace from $70.00 to $68.00 and set a buy rating for the company in a research report on Thursday, May 16th. Truist Financial reissued a buy rating and issued a $60.00 price objective (down previously from $70.00) on shares of Dynatrace in a research note on Thursday, May 16th. Royal Bank of Canada lowered their price target on shares of Dynatrace from $66.00 to $60.00 and set an outperform rating for the company in a report on Thursday, May 16th. Barclays reduced their price objective on Dynatrace from $59.00 to $52.00 and set an equal weight rating on the stock in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. reduced 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. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Dynatrace has an average rating of Moderate Buy and an average target price of $60.96.

Dynatrace Stock Performance

DT opened at $44.74 on Wednesday. The firm has a market cap of $13.30 billion, a P/E ratio of 86.04, a price-to-earnings-growth ratio of 6.65 and a beta of 1.05. The business’s fifty day moving average is $46.07 and its 200-day moving average is $49.64. Dynatrace has a 52-week low of $42.94 and a 52-week high of $61.41.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The firm had revenue of $380.85 million during the quarter, compared to the consensus estimate of $375.20 million. On average, research analysts predict that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the transaction, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the transaction, the chief executive officer now owns 732,491 shares in the company, valued at approximately $33,994,907.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total value of $881,606.40. Following the sale, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC boosted its position in shares of Dynatrace by 88.7% in the first quarter. Cetera Advisors LLC now owns 7,336 shares of the company’s stock valued at $341,000 after acquiring an additional 3,448 shares during the period. Cetera Investment Advisers boosted its stake in Dynatrace by 385.9% in the first quarter. Cetera Investment Advisers now owns 40,685 shares of the company’s stock worth $1,889,000 after buying an additional 32,312 shares in the last quarter. Burney Co. grew its position in Dynatrace by 9.8% during the first quarter. Burney Co. now owns 166,558 shares of the company’s stock valued at $7,735,000 after acquiring an additional 14,831 shares during the last quarter. Swedbank AB purchased a new position in shares of Dynatrace during the first quarter worth approximately $4,619,000. Finally, Virtu Financial LLC bought a new stake in shares of Dynatrace in the 1st quarter worth approximately $600,000. Institutional investors own 94.28% of the company’s stock.

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.