KeyCorp Has Lowered Expectations for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its price target dropped by equities research analysts at KeyCorp from $60.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 49.34% from the company’s previous close.

DT has been the topic of several other research reports. Barclays cut their price target on shares of Dynatrace from $62.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynatrace in a research report on Monday, December 29th. Truist Financial reduced their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. UBS Group set a $51.00 target price on Dynatrace in a research report on Thursday, November 6th. Finally, Citigroup lowered their price objective on shares of Dynatrace from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.95.

Dynatrace Stock Down 3.3%

Shares of DT opened at $33.48 on Wednesday. Dynatrace has a 52-week low of $33.24 and a 52-week high of $63.00. The company has a 50-day simple moving average of $42.18 and a 200-day simple moving average of $46.54. The company has a market capitalization of $10.09 billion, a PE ratio of 20.05, a P/E/G ratio of 2.73 and a beta of 0.84.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $493.85 million for the quarter, compared to the consensus estimate of $487.33 million. Dynatrace had a net margin of 27.33% and a return on equity of 9.24%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, research analysts anticipate that Dynatrace will post 0.68 EPS for the current year.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total value of $1,398,300.00. Following the completion of the sale, the chief executive officer owned 108,125 shares of the company’s stock, valued at $5,039,706.25. This trade represents a 21.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 7,505 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $45.27, for a total value of $339,751.35. Following the transaction, the executive vice president directly owned 8,925 shares in the company, valued at $404,034.75. The trade was a 45.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,843 shares of company stock worth $1,846,424 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Dynatrace

Hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in Dynatrace during the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC grew its holdings in shares of Dynatrace by 561.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock valued at $28,000 after acquiring an additional 494 shares in the last quarter. MAI Capital Management grew its holdings in shares of Dynatrace by 122.4% during the 2nd quarter. MAI Capital Management now owns 547 shares of the company’s stock valued at $30,000 after acquiring an additional 301 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Dynatrace in the second quarter worth $34,000. Finally, Eastern Bank purchased a new stake in shares of Dynatrace during the second quarter worth $35,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Dynatrace

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.