Dynatrace (NYSE:DT) Given New $58.00 Price Target at TD Cowen

Dynatrace (NYSE:DT) had its target price trimmed by TD Cowen from $62.00 to $58.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also commented on DT. Capital One Financial started coverage on Dynatrace in a research report on Wednesday, February 21st. They issued an overweight rating and a $64.00 price objective on the stock. Jefferies Financial Group upgraded Dynatrace from a hold rating to a buy rating and upped their price objective for the stock from $50.00 to $70.00 in a research report on Friday, January 5th. Rosenblatt Securities upped their price objective on Dynatrace from $58.00 to $65.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. Wolfe Research started coverage on Dynatrace in a research report on Monday, March 18th. They set an outperform rating and a $60.00 target price on the stock. Finally, Citigroup increased their target price on Dynatrace from $58.00 to $68.00 and gave the company a buy rating in a research report on Monday, January 22nd. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $61.08.

Dynatrace Stock Down 1.9 %

Shares of NYSE DT opened at $45.40 on Friday. The business’s 50 day moving average price is $47.55 and its 200 day moving average price is $50.83. The firm has a market cap of $13.37 billion, a P/E ratio of 68.79, a P/E/G ratio of 3.97 and a beta of 1.07. Dynatrace has a 52 week low of $40.43 and a 52 week high of $61.41.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $357.64 million. As a group, research analysts expect that Dynatrace will post 0.62 earnings per share for the current year.

Insiders Place Their Bets

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was 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 approximately $847,614,494.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Rick M. Mcconnell sold 1,991 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the sale, the chief executive officer now directly owns 514,106 shares of the company’s stock, valued at approximately $26,687,242.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. 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 three months. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Dynatrace

Hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC boosted its holdings in Dynatrace by 35.9% during the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after acquiring an additional 187 shares during the period. Advisory Services Network LLC boosted its holdings in Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares during the period. 1492 Capital Management LLC boosted its holdings in Dynatrace by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock valued at $1,266,000 after acquiring an additional 224 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Dynatrace by 3.0% in the 3rd quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock valued at $376,000 after buying an additional 234 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Dynatrace by 2.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock valued at $416,000 after buying an additional 240 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

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.