Rosenblatt Securities Cuts Dynatrace (NYSE:DT) Price Target to $60.00

Dynatrace (NYSE:DTGet Rating) had its price target decreased by stock analysts at Rosenblatt Securities from $68.00 to $60.00 in a report released on Monday, The Fly reports. Rosenblatt Securities’ price target points to a potential upside of 56.41% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on DT. Robert W. Baird cut their price objective on shares of Dynatrace from $85.00 to $60.00 in a research report on Thursday, February 3rd. TheStreet downgraded shares of Dynatrace from a “c-” rating to a “d” rating in a research report on Friday, January 21st. Loop Capital cut their price objective on shares of Dynatrace from $75.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, February 3rd. BTIG Research downgraded shares of Dynatrace from a “buy” rating to a “neutral” rating in a report on Thursday, February 3rd. Finally, BMO Capital Markets dropped their target price on shares of Dynatrace from $81.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, February 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $66.05.

NYSE:DT opened at $38.36 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24. Dynatrace has a 12 month low of $37.66 and a 12 month high of $80.13. The company has a market cap of $10.96 billion, a PE ratio of 142.08, a price-to-earnings-growth ratio of 6.61 and a beta of 1.54. The company has a 50 day simple moving average of $43.36 and a two-hundred day simple moving average of $54.33.

Dynatrace (NYSE:DTGet Rating) last posted its earnings results on Wednesday, February 2nd. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Dynatrace had a net margin of 8.99% and a return on equity of 9.71%. The business had revenue of $240.80 million during the quarter, compared to the consensus estimate of $234.50 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue was up 31.7% on a year-over-year basis. Research analysts forecast that Dynatrace will post 0.35 earnings per share for the current year.

In related news, CEO Rick M. Mcconnell bought 2,500 shares of the business’s stock in a transaction dated Tuesday, March 8th. The stock was acquired at an average price of $39.90 per share, with a total value of $99,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin C. Burns sold 1,771 shares of the business’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $43.49, for a total transaction of $77,020.79. The disclosure for this sale can be found here. Insiders have sold 9,131 shares of company stock valued at $397,957 in the last three months. Corporate insiders own 0.88% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its stake in Dynatrace by 133.9% during the 1st quarter. Signaturefd LLC now owns 753 shares of the company’s stock worth $35,000 after buying an additional 431 shares during the period. Park Avenue Securities LLC increased its position in shares of Dynatrace by 40.3% in the 1st quarter. Park Avenue Securities LLC now owns 12,504 shares of the company’s stock valued at $589,000 after purchasing an additional 3,590 shares during the last quarter. Gratus Capital LLC increased its position in shares of Dynatrace by 27.6% in the 1st quarter. Gratus Capital LLC now owns 194,008 shares of the company’s stock valued at $9,138,000 after purchasing an additional 41,925 shares during the last quarter. Malaga Cove Capital LLC increased its position in shares of Dynatrace by 17.0% in the 1st quarter. Malaga Cove Capital LLC now owns 20,578 shares of the company’s stock valued at $969,000 after purchasing an additional 2,989 shares during the last quarter. Finally, FCF Advisors LLC purchased a new stake in shares of Dynatrace in the 1st quarter valued at approximately $823,000. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Company Profile (Get Rating)

Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform for running and optimizing the applications and services. The company's products include AppMon that works in various application environments, such as Java, .NET, PHP, Node.js, GoLang, SQL, NoSQL, CICS, IMS, AWS Lambda, Google Cloud Functions, and Microsoft Azure Functions; and Classic Real User Monitoring.

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