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

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

A number of other equities analysts also recently issued reports on DT. Royal Bank of Canada cut their target price on Dynatrace from $66.00 to $60.00 and set an outperform rating for the company in a research note on Thursday, May 16th. Bank of America cut their target price on Dynatrace from $70.00 to $68.00 and set a buy rating for the company in a research note on Thursday, May 16th. Guggenheim reaffirmed a buy rating and issued a $60.00 price objective on shares of Dynatrace in a research note on Tuesday. Needham & Company LLC reaffirmed a hold rating on shares of Dynatrace in a research note on Tuesday, June 18th. Finally, Wells Fargo & Company dropped their price objective on Dynatrace from $75.00 to $60.00 and set an overweight rating for the company in a research note on Thursday, May 16th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $61.42.

Dynatrace Trading Up 0.7 %

Dynatrace stock opened at $43.76 on Wednesday. Dynatrace has a twelve month low of $42.94 and a twelve month high of $61.41. The stock has a 50 day moving average of $46.14 and a two-hundred day moving average of $49.79. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 84.16, a PEG ratio of 6.56 and a beta of 1.05.

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

Insider Transactions at Dynatrace

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DT. HighTower Advisors LLC raised its position in Dynatrace by 7.7% in the third quarter. HighTower Advisors LLC now owns 12,187 shares of the company’s stock valued at $569,000 after purchasing an additional 868 shares during the period. Invesco Ltd. raised its position in Dynatrace by 128.3% in the third quarter. Invesco Ltd. now owns 937,549 shares of the company’s stock valued at $43,812,000 after purchasing an additional 526,896 shares during the period. Hsbc Holdings PLC raised its position in Dynatrace by 16.4% in the third quarter. Hsbc Holdings PLC now owns 42,240 shares of the company’s stock valued at $1,974,000 after purchasing an additional 5,948 shares during the period. LPL Financial LLC raised its position in Dynatrace by 6.7% in the third quarter. LPL Financial LLC now owns 102,988 shares of the company’s stock valued at $4,818,000 after purchasing an additional 6,438 shares during the period. Finally, Mariner LLC raised its position in Dynatrace by 9.3% in the third quarter. Mariner LLC now owns 12,591 shares of the company’s stock valued at $588,000 after purchasing an additional 1,076 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.