Dynatrace (NYSE:DT) Given New $55.00 Price Target at BMO Capital Markets

Dynatrace (NYSE:DT) had its target price dropped by analysts at BMO Capital Markets from $63.00 to $55.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 19.62% from the stock’s current price.

A number of other research analysts have also recently issued reports on DT. Truist Financial increased their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. lowered their target price on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price target on shares of Dynatrace in a research note on Friday, February 9th. Morgan Stanley began coverage on Dynatrace in a research report on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 target price on the stock. Finally, Citigroup raised their price objective on Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $0.78 during midday trading on Wednesday, reaching $45.98. 384,496 shares of the company’s stock traded hands, compared to its average volume of 3,512,241. Dynatrace has a 1 year low of $43.29 and a 1 year high of $61.41. The company has a market cap of $13.54 billion, a P/E ratio of 69.61, a PEG ratio of 3.95 and a beta of 1.06. The company has a fifty day simple moving average of $46.47 and a two-hundred day simple moving average of $50.76.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share 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 company had revenue of $365.10 million during the quarter, compared to analyst estimates of $357.64 million. As a group, research analysts forecast that Dynatrace will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Rick M. Mcconnell sold 1,991 shares of the company’s 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 of the company’s stock, valued at approximately $26,687,242.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently made changes to their positions in DT. US Bancorp DE boosted its stake in Dynatrace by 89.7% during the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after buying an additional 22,928 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Dynatrace by 1.5% during the 1st quarter. Russell Investments Group Ltd. now owns 213,206 shares of the company’s stock worth $9,899,000 after acquiring an additional 3,201 shares during the last quarter. Qsemble Capital Management LP bought a new position in Dynatrace in the 1st quarter worth approximately $2,615,000. QRG Capital Management Inc. increased its position in Dynatrace by 8.0% in the first quarter. QRG Capital Management Inc. now owns 37,656 shares of the company’s stock worth $1,749,000 after purchasing an additional 2,780 shares during the period. Finally, Donoghue Forlines LLC lifted its holdings in Dynatrace by 37.9% in the first quarter. Donoghue Forlines LLC now owns 5,330 shares of the company’s stock valued at $248,000 after buying an additional 1,464 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

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.