Dynatrace (NYSE:DT) Price Target Cut to $53.00

Dynatrace (NYSE:DTGet Rating) had its price target cut by equities research analysts at Rosenblatt Securities from $55.00 to $53.00 in a research report issued on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price target indicates a potential upside of 27.28% from the company’s previous close.

A number of other brokerages have also recently issued reports on DT. Citigroup decreased their price objective on shares of Dynatrace from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, July 22nd. Royal Bank of Canada upped their price objective on shares of Dynatrace from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday. Truist Financial decreased their price objective on shares of Dynatrace from $60.00 to $57.00 and set a “buy” rating for the company in a report on Monday, July 18th. Robert W. Baird decreased their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. Finally, Needham & Company LLC upped their price objective on shares of Dynatrace from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.94.

Dynatrace Trading Up 2.2 %

NYSE DT opened at $41.64 on Thursday. Dynatrace has a twelve month low of $29.41 and a twelve month high of $80.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 297.43, a PEG ratio of 5.51 and a beta of 1.30. The firm’s 50 day moving average price is $39.67 and its two-hundred day moving average price is $41.67.

Dynatrace (NYSE:DTGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Dynatrace had a return on equity of 7.93% and a net margin of 4.18%. The firm had revenue of $252.60 million for the quarter, compared to analysts’ expectations of $246.54 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. Equities analysts anticipate that Dynatrace will post 0.37 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, CAO Alicia Allen sold 1,336 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $34.26, for a total transaction of $45,771.36. Following the sale, the chief accounting officer now directly owns 69,738 shares of the company’s stock, valued at $2,389,223.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Kevin C. Burns sold 4,233 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $34.26, for a total value of $145,022.58. Following the transaction, the chief financial officer now directly owns 76,863 shares in the company, valued at $2,633,326.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Alicia Allen sold 1,336 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $34.26, for a total transaction of $45,771.36. Following the completion of the transaction, the chief accounting officer now owns 69,738 shares in the company, valued at $2,389,223.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,468 shares of company stock valued at $564,303. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dynatrace

Several hedge funds have recently bought and sold shares of DT. Signaturefd LLC raised its holdings in shares of Dynatrace by 133.9% during the first quarter. Signaturefd LLC now owns 753 shares of the company’s stock worth $35,000 after acquiring an additional 431 shares during the period. Parallel Advisors LLC raised its holdings in shares of Dynatrace by 145.7% during the second quarter. Parallel Advisors LLC now owns 909 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares during the period. Tcwp LLC acquired a new stake in shares of Dynatrace during the first quarter worth $45,000. CWM LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth $48,000. Finally, Webster Bank N. A. acquired a new stake in shares of Dynatrace during the first quarter worth $49,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

(Get Rating)

Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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