TD Cowen Trims Dynatrace (NYSE:DT) Target Price to $58.00

Dynatrace (NYSE:DT) had its price target decreased by TD Cowen from $62.00 to $58.00 in a report released on Friday, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Morgan Stanley started coverage on shares of Dynatrace in a report on Tuesday, February 13th. They issued an equal weight rating and a $60.00 price objective for the company. JMP Securities raised their price target on shares of Dynatrace from $56.00 to $68.00 and gave the company a market outperform rating in a report on Friday, February 2nd. Barclays cut 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. Truist Financial raised their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a buy rating in a report on Tuesday, January 16th. Finally, Needham & Company LLC reissued a hold rating on shares of Dynatrace in a report on Monday, April 1st. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Dynatrace presently has a consensus rating of Moderate Buy and a consensus target price of $61.08.

Dynatrace Trading Up 0.3 %

DT opened at $45.55 on Friday. The company has a 50 day moving average of $47.41 and a 200 day moving average of $50.88. The company has a market cap of $13.41 billion, a PE ratio of 69.02, a price-to-earnings-growth ratio of 3.89 and a beta of 1.07. Dynatrace has a 12 month low of $40.43 and a 12 month high of $61.41.

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

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the transaction, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of the business’s 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 completion of the transaction, 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. Insiders have sold a total of 14,278,591 shares of company stock worth $750,893,396 in the last 90 days. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynatrace

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Dynatrace by 9.8% in the fourth quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock valued at $1,436,393,000 after acquiring an additional 2,348,246 shares during the period. FMR LLC increased its position in shares of Dynatrace by 3.1% in the third quarter. FMR LLC now owns 18,213,109 shares of the company’s stock valued at $851,099,000 after acquiring an additional 555,739 shares during the period. Brown Advisory Inc. increased its position in shares of Dynatrace by 2.0% in the third quarter. Brown Advisory Inc. now owns 11,772,653 shares of the company’s stock valued at $550,136,000 after acquiring an additional 229,631 shares during the period. Ameriprise Financial Inc. increased its position in shares of Dynatrace by 10.3% in the third quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock valued at $188,717,000 after acquiring an additional 375,463 shares during the period. Finally, William Blair Investment Management LLC increased its position in shares of Dynatrace by 0.3% in the third quarter. William Blair Investment Management LLC now owns 3,835,232 shares of the company’s stock valued at $179,220,000 after acquiring an additional 10,956 shares during the period. Hedge funds and other 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.