Dynatrace (NYSE:DT) Sets New 52-Week Low After Analyst Downgrade

Dynatrace, Inc. (NYSE:DT) reached a new 52-week low during mid-day trading on Wednesday after Loop Capital lowered their price target on the stock from $50.00 to $45.00. Loop Capital currently has a hold rating on the stock. Dynatrace traded as low as $42.94 and last traded at $43.58, with a volume of 371035 shares trading hands. The stock had previously closed at $43.44.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, April 1st. Bank of America decreased their price target on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Barclays decreased their price target on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, March 20th. Wells Fargo & Company decreased their price target on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, May 16th. Finally, Robert W. Baird decreased their price target on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.42.

Insider Activity at Dynatrace

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 completion of the sale, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Dan Zugelder sold 18,870 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction 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. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently bought and sold shares of DT. Cetera Advisors LLC raised its holdings in shares of Dynatrace by 88.7% during 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 last quarter. Cetera Investment Advisers raised its holdings in shares of Dynatrace by 385.9% during the first quarter. Cetera Investment Advisers now owns 40,685 shares of the company’s stock valued at $1,889,000 after acquiring an additional 32,312 shares during the last quarter. Burney Co. raised its holdings in shares of 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 acquired a new position in shares of Dynatrace during the first quarter valued at approximately $4,619,000. Finally, Virtu Financial LLC acquired a new position in shares of Dynatrace during the first quarter valued at approximately $600,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

The business has a fifty day simple moving average of $46.14 and a 200 day simple moving average of $49.79. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 84.14, a PEG ratio of 6.56 and a beta of 1.05.

Dynatrace (NYSE:DT) last posted its quarterly 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 company had revenue of $380.85 million during the quarter, compared to analyst estimates of $375.20 million. On average, research analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

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.