Dynatrace (NYSE:DT) Price Target Lowered to $50.00 at KeyCorp

Dynatrace (NYSE:DT) had its price objective decreased by analysts at KeyCorp from $60.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 45.95% from the stock’s previous close.

Several other brokerages have also issued reports on DT. TD Cowen cut their target price on shares of Dynatrace from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, January 21st. Rosenblatt Securities dropped their price target on shares of Dynatrace from $67.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Truist Financial dropped their target price on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Barclays cut their target price on Dynatrace from $62.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, Scotiabank lowered their price target on Dynatrace from $67.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.95.

Dynatrace Price Performance

DT stock opened at $34.26 on Wednesday. The stock has a market cap of $10.33 billion, a PE ratio of 20.51, a P/E/G ratio of 3.00 and a beta of 0.84. The firm has a 50 day simple moving average of $42.59 and a two-hundred day simple moving average of $46.71. Dynatrace has a one year low of $33.85 and a one year high of $63.00.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $493.85 million during the quarter, compared to analysts’ expectations of $487.33 million. Dynatrace had a net margin of 27.33% and a return on equity of 9.24%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. On average, research analysts expect that Dynatrace will post 0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total value of $1,398,300.00. Following the completion of the sale, the chief executive officer directly owned 108,125 shares of the company’s stock, valued at $5,039,706.25. This trade represents a 21.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $46.69, for a total value of $93,380.00. Following the transaction, the chief accounting officer directly owned 23,380 shares in the company, valued at approximately $1,091,612.20. This represents a 7.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,843 shares of company stock valued at $1,846,424 over the last ninety days. 0.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Dynatrace

Large investors have recently made changes to their positions in the company. Congress Asset Management Co. raised its holdings in Dynatrace by 6.8% during the third quarter. Congress Asset Management Co. now owns 3,331,422 shares of the company’s stock worth $161,407,000 after purchasing an additional 212,607 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Dynatrace by 5.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,077,181 shares of the company’s stock valued at $52,039,000 after buying an additional 55,040 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Dynatrace by 790.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 48,702 shares of the company’s stock valued at $2,360,000 after buying an additional 43,233 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in Dynatrace by 63.1% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,040,475 shares of the company’s stock worth $50,411,000 after acquiring an additional 402,585 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Dynatrace by 132.7% in the third quarter. Sequoia Financial Advisors LLC now owns 66,393 shares of the company’s stock valued at $3,217,000 after acquiring an additional 37,863 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Company Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.