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

Dynatrace (NYSE:DT) had its price target trimmed by BMO Capital Markets from $63.00 to $55.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on DT. Truist Financial increased their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a buy rating in a research report on Tuesday, January 16th. TD Cowen decreased their target price on Dynatrace from $62.00 to $58.00 and set a buy rating for the company in a research report on Friday, April 19th. Scotiabank upped their price target on Dynatrace from $62.00 to $70.00 and gave the company a sector outperform rating in a research report on Monday, February 5th. Wolfe Research started coverage on shares of Dynatrace in a report on Monday, March 18th. They issued an outperform rating and a $60.00 price objective for the company. Finally, Barclays dropped their target price on shares of Dynatrace from $59.00 to $52.00 and set an equal weight rating on the stock in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $61.00.

Dynatrace Trading Up 0.7 %

NYSE:DT traded up $0.33 during trading hours on Wednesday, hitting $46.40. The stock had a trading volume of 2,187,639 shares, compared to its average volume of 3,516,350. The company 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. The business has a 50 day simple moving average of $46.40 and a two-hundred day simple moving average of $50.73. Dynatrace has a 1-year low of $43.29 and a 1-year high of $61.41.

Dynatrace (NYSE:DT) last released its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. Research analysts expect that Dynatrace will post 0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of Dynatrace stock in a transaction on Friday, February 16th. The shares were 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 owns 514,106 shares of the company’s stock, valued at approximately $26,687,242.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of Dynatrace stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $103,352.81. Following the completion of the sale, the chief executive officer now directly owns 514,106 shares in the company, valued at $26,687,242.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,278,591 shares of company stock valued at $750,893,396. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors have recently modified their holdings of DT. Trillium Asset Management LLC acquired a new stake in shares of Dynatrace in the first quarter worth $4,223,000. Orion Portfolio Solutions LLC raised its stake in shares of Dynatrace by 30.7% in the 1st quarter. Orion Portfolio Solutions LLC now owns 18,055 shares of the company’s stock valued at $838,000 after buying an additional 4,241 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Dynatrace by 32.1% during the 1st quarter. Blair William & Co. IL now owns 512,603 shares of the company’s stock worth $23,805,000 after acquiring an additional 124,436 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Dynatrace by 47.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 149,377 shares of the company’s stock valued at $6,937,000 after acquiring an additional 47,855 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Dynatrace by 640.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after acquiring an additional 157,739 shares during the period. 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.