Dynatrace (NYSE:DT) PT Lowered to $60.00 at JPMorgan Chase & Co.

Dynatrace (NYSE:DT - Get Free Report) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $65.00 to $60.00 in a report issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 31.19% from the stock's current price.

Several other equities analysts have also commented on the stock. Rosenblatt Securities upped their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Jefferies Financial Group upgraded shares of Dynatrace from a "hold" rating to a "buy" rating and upped their price objective for the stock from $50.00 to $70.00 in a report on Friday, January 5th. Truist Financial upped their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, January 16th. 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 on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $66.00 price objective on shares of Dynatrace in a report on Friday, February 9th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.04.

Dynatrace Price Performance

DT traded down $0.70 on Monday, reaching $45.74. 2,566,375 shares of the company's stock were exchanged, compared to its average volume of 3,618,632. The stock has a market cap of $13.46 billion, a PE ratio of 69.30, a P/E/G ratio of 4.72 and a beta of 1.08. Dynatrace has a twelve month low of $40.27 and a twelve month high of $61.41. The stock's fifty day moving average price is $51.30 and its 200-day moving average price is $50.96.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. As a group, research analysts predict that Dynatrace will post 0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $103,352.81. Following the sale, the chief executive officer now directly owns 514,106 shares of the company's stock, valued at approximately $26,687,242.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the sale, the chief executive officer now owns 514,106 shares in the company, valued at approximately $26,687,242.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares of the company's stock, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,285,187 shares of company stock valued at $751,264,421. Insiders own 0.54% of the company's stock.

Institutional Trading of Dynatrace

A number of large investors have recently bought and sold shares of DT. Raymond James Financial Services Advisors Inc. boosted its stake in Dynatrace by 62.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,699 shares of the company's stock worth $363,000 after purchasing an additional 2,966 shares during the period. HighTower Advisors LLC lifted its stake in shares of Dynatrace by 42.6% in the 1st quarter. HighTower Advisors LLC now owns 5,353 shares of the company's stock worth $250,000 after acquiring an additional 1,598 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Dynatrace by 61.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,022 shares of the company's stock worth $378,000 after acquiring an additional 3,039 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Dynatrace in the 1st quarter worth $582,000. Finally, Raymond James Trust N.A. lifted its stake in shares of Dynatrace by 39.5% in the 1st quarter. Raymond James Trust N.A. now owns 6,511 shares of the company's stock worth $307,000 after acquiring an additional 1,845 shares during the period. Institutional investors and hedge funds 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.