Dynatrace (NYSE:DT) Given New $64.00 Price Target at Citigroup

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

Several other analysts have also recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Barclays upped their price target on Dynatrace from $55.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, May 15th. Royal Bank Of Canada upped their price target on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. DA Davidson upped their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, BMO Capital Markets decreased their price target on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average price target of $62.63.

Dynatrace Stock Up 1.2%

Shares of NYSE:DT opened at $48.80 on Monday. The business has a fifty day moving average of $52.89 and a two-hundred day moving average of $51.97. The stock has a market cap of $14.71 billion, a P/E ratio of 29.94, a PEG ratio of 4.19 and a beta of 0.91. Dynatrace has a 52-week low of $39.30 and a 52-week high of $63.00.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Dynatrace

Large investors have recently bought and sold shares of the stock. MAI Capital Management increased its holdings in Dynatrace by 122.4% during the 2nd quarter. MAI Capital Management now owns 547 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the period. VSM Wealth Advisory LLC purchased a new stake in Dynatrace during the 2nd quarter worth about $34,000. Eastern Bank purchased a new stake in Dynatrace during the 2nd quarter worth about $35,000. Coppell Advisory Solutions LLC increased its holdings in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after purchasing an additional 669 shares during the period. Finally, CX Institutional purchased a new stake in Dynatrace during the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.