BMO Capital Markets Lowers Dynatrace (NYSE:DT) Price Target to $55.00

Dynatrace (NYSE:DT - Get Free Report) had its target price reduced by stock analysts at BMO Capital Markets from $63.00 to $55.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price target points to a potential upside of 19.44% from the stock's previous close.

Several other equities analysts also recently issued reports on DT. TD Cowen reduced their price objective on shares of Dynatrace from $62.00 to $58.00 and set a "buy" rating on the stock in a research note on Friday, April 19th. Wolfe Research began coverage on shares of Dynatrace in a research note on Monday, March 18th. They set an "outperform" rating and a $60.00 price objective on the stock. JMP Securities upped their price target on shares of Dynatrace from $56.00 to $68.00 and gave the stock a "market outperform" rating in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price target on shares of Dynatrace in a research report on Friday, February 9th. Finally, Barclays dropped their price target on shares of Dynatrace from $59.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $61.00.

Dynatrace Stock Performance

DT stock traded down $0.71 during trading on Wednesday, reaching $46.05. 2,023,414 shares of the company were exchanged, compared to its average volume of 3,531,280. The company has a market cap of $13.56 billion, a P/E ratio of 69.77, a PEG ratio of 3.95 and a beta of 1.06. Dynatrace has a 52-week low of $43.29 and a 52-week high of $61.41. The stock's 50 day moving average price is $46.47 and its 200 day moving average price is $50.76.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The firm had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. As a group, equities research analysts forecast that Dynatrace will post 0.62 EPS for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the transaction, the insider now directly owns 16,114,344 shares in the company, valued at $847,614,494.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now owns 477,105 shares of the company's stock, valued at $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 valued at $750,893,396 in the last three months. Corporate insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On Dynatrace

Hedge funds have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Dynatrace by 640.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company's stock valued at $8,469,000 after purchasing an additional 157,739 shares during the last quarter. Entropy Technologies LP grew its holdings in shares of Dynatrace by 912.5% during the first quarter. Entropy Technologies LP now owns 78,354 shares of the company's stock valued at $3,639,000 after purchasing an additional 70,615 shares during the last quarter. US Bancorp DE grew its holdings in shares of Dynatrace by 89.7% during the first quarter. US Bancorp DE now owns 48,478 shares of the company's stock valued at $2,251,000 after purchasing an additional 22,928 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Dynatrace by 1.5% during the first quarter. Russell Investments Group Ltd. now owns 213,206 shares of the company's stock valued at $9,899,000 after purchasing an additional 3,201 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Dynatrace during the first quarter valued at approximately $2,615,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Dynatrace

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.