Dynatrace (NYSE:DT) Shares Down 5.4% - Time to Sell?

Key Points

• Dynatrace shares fell by 5.4% during mid-day trading, with the stock price dropping to $47.90, significantly below its previous close of $50.65 and accompanied by a notable decrease in trading volume.
• Various analysts have set bullish price targets for Dynatrace, with Barclays and Goldman Sachs raising their targets to $62.00 and $64.00 respectively, contributing to a consensus target price of $62.72.
• The company reported a successful quarterly earnings release, posting a 19.5% year-over-year revenue increase and beating earnings expectations with $0.42 per share compared to $0.38 estimated.

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) traded down 5.4% during trading on Wednesday . The company traded as low as $48.47 and last traded at $47.90. 752,963 shares were traded during trading, a decline of 75% from the average session volume of 3,044,116 shares. The stock had previously closed at $50.65.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DT shares. Oppenheimer started coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price target on the stock. Royal Bank Of Canada upped their target price on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. Guggenheim increased their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and an average target price of $62.72.

Dynatrace Trading Down 0.8%

The stock has a market capitalization of $14.66 billion, a P/E ratio of 29.83, a P/E/G ratio of 4.31 and a beta of 0.91. The business has a 50-day moving average price of $50.85 and a 200 day moving average price of $50.54.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.Dynatrace's revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. On average, sell-side analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares in the company, valued at $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the sale, the director owned 1,012 shares of the company's stock, valued at approximately $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,099 shares of company stock valued at $154,429. 0.57% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Several institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors lifted its position in shares of Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock worth $342,000 after purchasing an additional 177 shares during the last quarter. Quent Capital LLC lifted its position in shares of Dynatrace by 4.6% during the second quarter. Quent Capital LLC now owns 4,288 shares of the company's stock worth $237,000 after purchasing an additional 190 shares during the last quarter. BNP Paribas lifted its position in shares of Dynatrace by 0.6% during the second quarter. BNP Paribas now owns 36,563 shares of the company's stock worth $2,019,000 after purchasing an additional 218 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of Dynatrace by 0.7% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company's stock valued at $1,686,000 after buying an additional 249 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in shares of Dynatrace by 15.4% during the second quarter. SBI Securities Co. Ltd. now owns 1,869 shares of the company's stock valued at $103,000 after buying an additional 249 shares during the period. 94.28% of the stock is currently owned by institutional investors.

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.