BMO Capital Markets Has Lowered Expectations for Dynatrace (NYSE:DT) Stock Price

Key Points

• BMO Capital Markets has lowered its price target for Dynatrace stock from $63.00 to $62.00, while maintaining an "outperform" rating, suggesting a potential upside of 27.88% from the previous close.
• Despite the recent downgrade, other analysts have mixed ratings, with DA Davidson raising its target price to $65.00 and maintaining a "buy" rating, while the consensus rating for Dynatrace remains a "Moderate Buy."
• Dynatrace reported a 16.9% year-over-year revenue increase, posting $445.17 million in revenue and earnings per share of $0.33, exceeding analysts' expectations.

Dynatrace (NYSE:DT - Get Free Report) had its price target cut by research analysts at BMO Capital Markets from $63.00 to $62.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price would indicate a potential upside of 27.88% from the stock's previous close.

DT has been the topic of a number of other research reports. DA Davidson lifted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Wedbush reissued an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Morgan Stanley set a $55.00 price objective on Dynatrace in a research note on Thursday, May 15th. Finally, KeyCorp initiated coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.30.

Dynatrace Trading Down 4.1%

DT traded down $2.05 during trading hours on Thursday, hitting $48.48. The company's stock had a trading volume of 743,093 shares, compared to its average volume of 2,964,437. The firm has a market capitalization of $14.63 billion, a PE ratio of 30.65, a PEG ratio of 4.41 and a beta of 0.91. Dynatrace has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The company has a 50-day simple moving average of $54.02 and a 200 day simple moving average of $52.49.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The firm's revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Research analysts expect that Dynatrace will post 0.68 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the sale, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DT. Keybank National Association OH increased its position in shares of Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after purchasing an additional 170,380 shares during the last quarter. Bridges Investment Management Inc. grew its position in Dynatrace by 82.4% in the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after acquiring an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after acquiring an additional 4,697 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Dynatrace during the first quarter worth about $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Dynatrace in the 1st quarter worth about $3,846,000. Institutional investors own 94.28% of the company's stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.

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