Dynatrace (NYSE:DT) Given New $50.00 Price Target at KeyCorp

Dynatrace (NYSE:DT) had its price target cut by KeyCorp from $60.00 to $50.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently issued reports on DT. Truist Financial cut their price target on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. 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 note on Wednesday, January 21st. UBS Group set a $51.00 price target on shares of Dynatrace in a research note on Thursday, November 6th. Citigroup lowered their price target on shares of Dynatrace from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, Royal Bank Of Canada reduced their price objective on Dynatrace from $64.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $58.95.

Dynatrace Stock Performance

Dynatrace stock opened at $34.59 on Wednesday. The stock has a 50-day simple moving average of $42.39 and a 200 day simple moving average of $46.63. The stock has a market capitalization of $10.43 billion, a P/E ratio of 20.71, a PEG ratio of 2.73 and a beta of 0.84. Dynatrace has a 52 week low of $33.24 and a 52 week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Dynatrace had a return on equity of 9.24% and a net margin of 27.33%.The company had revenue of $493.85 million during the quarter, compared to analysts’ expectations of $487.33 million. During the same period last year, the firm posted $0.37 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. Research analysts forecast that Dynatrace will post 0.68 earnings per share for the current year.

Insider Activity

In related news, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $46.69, for a total value of $93,380.00. Following the completion of the sale, the chief accounting officer directly owned 23,380 shares in the company, valued at approximately $1,091,612.20. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dan Zugelder sold 7,505 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $45.27, for a total value of $339,751.35. Following the transaction, the executive vice president owned 8,925 shares in the company, valued at approximately $404,034.75. This trade represents a 45.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 39,843 shares of company stock worth $1,846,424. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in Dynatrace by 719.3% during the third quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock worth $355,629,000 after purchasing an additional 6,444,262 shares during the last quarter. Scge Management L.P. acquired a new position in shares of Dynatrace during the 2nd quarter worth $155,858,000. Pictet Asset Management Holding SA lifted its position in shares of Dynatrace by 16.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock worth $634,985,000 after buying an additional 2,076,990 shares during the last quarter. Norges Bank bought a new stake in shares of Dynatrace during the 2nd quarter worth $87,620,000. Finally, Freestone Grove Partners LP boosted its stake in Dynatrace by 2,618.6% in the third quarter. Freestone Grove Partners LP now owns 1,429,738 shares of the company’s stock valued at $69,271,000 after buying an additional 1,377,148 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.