Citigroup Lowers Dynatrace (NYSE:DT) Price Target to $64.00

Dynatrace (NYSE:DT) had its price objective reduced by Citigroup from $68.00 to $64.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on DT. KeyCorp started coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an “overweight” rating and a $69.00 target price on the stock. BMO Capital Markets dropped their target price on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Royal Bank Of Canada lifted their target price on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Jefferies Financial Group reissued a “buy” rating on shares of Dynatrace in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group lifted their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $62.63.

Dynatrace Stock Down 0.8%

Dynatrace stock opened at $48.7250 on Monday. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00. The company’s 50 day moving average price is $52.68 and its two-hundred day moving average price is $51.93. The stock has a market cap of $14.69 billion, a P/E ratio of 29.89, a P/E/G ratio of 4.26 and a beta of 0.91.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm had revenue of $477.35 million for the quarter, compared to analysts’ expectations of $467.39 million. During the same quarter last year, the firm earned $0.33 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities analysts anticipate that Dynatrace will post 0.68 EPS for the current year.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Dynatrace during the 2nd quarter valued at $567,000. Cim LLC grew its position in shares of Dynatrace by 5.1% during the 2nd quarter. Cim LLC now owns 21,956 shares of the company’s stock valued at $1,212,000 after purchasing an additional 1,066 shares in the last quarter. State of Wyoming grew its position in shares of Dynatrace by 219.6% during the 2nd quarter. State of Wyoming now owns 7,484 shares of the company’s stock valued at $413,000 after purchasing an additional 5,142 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Dynatrace in the second quarter worth $458,000. Finally, Headlands Technologies LLC grew its position in Dynatrace by 17.6% in the second quarter. Headlands Technologies LLC now owns 36,804 shares of the company’s stock worth $2,032,000 after acquiring an additional 5,505 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other 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.