Robert W. Baird Cuts Dynatrace (NYSE:DT) Price Target to $50.00

Dynatrace (NYSE:DTGet Rating) had its price target trimmed by Robert W. Baird from $60.00 to $50.00 in a research report sent to investors on Thursday morning, The Fly reports.

DT has been the subject of a number of other reports. Barclays decreased their price objective on Dynatrace from $55.00 to $45.00 and set an overweight rating for the company in a report on Thursday. Zacks Investment Research lowered Dynatrace from a hold rating to a sell rating in a report on Monday, April 4th. Needham & Company LLC decreased their price objective on Dynatrace from $56.00 to $42.00 and set a buy rating for the company in a report on Thursday. BMO Capital Markets decreased their price objective on Dynatrace from $81.00 to $55.00 and set an outperform rating for the company in a report on Thursday, February 3rd. Finally, Citigroup cut their target price on Dynatrace from $70.00 to $65.00 and set a buy rating for the company in a research report on Thursday, February 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $62.56.

Shares of DT stock opened at $33.12 on Thursday. Dynatrace has a 12-month low of $29.41 and a 12-month high of $80.13. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 122.67, a price-to-earnings-growth ratio of 5.77 and a beta of 1.60. The business has a 50 day simple moving average of $41.42 and a 200 day simple moving average of $50.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 1.14.

In related news, CRO Stephen J. Pace sold 3,972 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $34.27, for a total transaction of $136,120.44. Following the completion of the sale, the executive now directly owns 71,438 shares in the company, valued at $2,448,180.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul Andrew Zuber sold 2,500 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of $43.83, for a total value of $109,575.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,968 shares of company stock valued at $673,878. 0.88% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY raised its holdings in Dynatrace by 1.7% during the third quarter. Metropolitan Life Insurance Co NY now owns 12,414 shares of the company’s stock valued at $881,000 after buying an additional 205 shares in the last quarter. Nvwm LLC raised its holdings in Dynatrace by 4.2% during the fourth quarter. Nvwm LLC now owns 9,159 shares of the company’s stock valued at $553,000 after buying an additional 373 shares in the last quarter. WINTON GROUP Ltd raised its holdings in Dynatrace by 1.7% during the fourth quarter. WINTON GROUP Ltd now owns 23,820 shares of the company’s stock valued at $1,438,000 after buying an additional 387 shares in the last quarter. Captrust Financial Advisors raised its holdings in Dynatrace by 48.4% during the third quarter. Captrust Financial Advisors now owns 1,190 shares of the company’s stock valued at $84,000 after buying an additional 388 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in Dynatrace by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,474 shares of the company’s stock valued at $1,236,000 after buying an additional 390 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

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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