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

Dynatrace (NYSE:DT) had its price objective reduced by BMO Capital Markets from $63.00 to $55.00 in a research note released on Wednesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other research firms also recently commented on DT. Rosenblatt Securities upped their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the company a buy rating in a report on Wednesday, February 7th. Royal Bank of Canada reissued an outperform rating and set a $66.00 target price on shares of Dynatrace in a report on Friday, February 9th. Morgan Stanley started coverage on Dynatrace in a report on Tuesday, February 13th. They issued an equal weight rating and a $60.00 price target for the company. TD Cowen dropped their price objective on Dynatrace from $62.00 to $58.00 and set a buy rating on the stock in a report on Friday, April 19th. Finally, Barclays reduced their target price on Dynatrace from $59.00 to $52.00 and set an equal weight rating for the company in a report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $61.00.

Dynatrace Stock Performance

DT stock traded up $0.33 during mid-day trading on Wednesday, hitting $46.40. The company had a trading volume of 2,187,639 shares, compared to its average volume of 3,516,350. The firm has a market cap of $13.66 billion, a PE ratio of 70.33, a price-to-earnings-growth ratio of 3.95 and a beta of 1.06. Dynatrace has a 12 month low of $43.29 and a 12 month high of $61.41. The stock’s fifty day moving average price is $46.40 and its two-hundred day moving average price is $50.73.

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

Insider Activity

In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the sale, the insider now directly owns 16,114,344 shares in the company, valued at $847,614,494.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the sale, the insider now directly owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Dan Zugelder sold 6,595 shares of the company’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 directly owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock valued at $750,893,396 in the last quarter. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently modified their holdings of DT. Vanguard Group Inc. grew its position in shares of Dynatrace by 9.8% during the fourth quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock valued at $1,436,393,000 after purchasing an additional 2,348,246 shares in the last quarter. FMR LLC lifted its position in Dynatrace by 3.1% during the third quarter. FMR LLC now owns 18,213,109 shares of the company’s stock valued at $851,099,000 after purchasing an additional 555,739 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Dynatrace by 10.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after buying an additional 375,463 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Dynatrace by 0.3% during the 3rd quarter. William Blair Investment Management LLC now owns 3,835,232 shares of the company’s stock valued at $179,220,000 after buying an additional 10,956 shares in the last quarter. Finally, RGM Capital LLC lifted its holdings in shares of Dynatrace by 9.3% in the 3rd quarter. RGM Capital LLC now owns 3,515,360 shares of the company’s stock valued at $164,273,000 after acquiring an additional 298,079 shares during 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.