Dynatrace (NYSE:DT) Sets New 1-Year Low on Analyst Downgrade

Dynatrace, Inc. (NYSE:DT) hit a new 52-week low during trading on Monday after Jefferies Financial Group lowered their price target on the stock from $65.00 to $60.00. Jefferies Financial Group currently has a buy rating on the stock. Dynatrace traded as low as $38.77 and last traded at $40.28, with a volume of 468 shares trading hands. The stock had previously closed at $42.01.

Other research analysts have also recently issued research reports about the stock. DA Davidson set a $70.00 target price on shares of Dynatrace in a report on Friday, January 31st. BMO Capital Markets decreased their price objective on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Robert W. Baird set a $65.00 price target on Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus raised their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.13.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 in the last three months. Corporate insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds have recently bought and sold shares of the stock. Retirement Systems of Alabama raised its holdings in shares of Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after acquiring an additional 64,999 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after buying an additional 884,673 shares during the last quarter. Synovus Financial Corp raised its position in shares of Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after buying an additional 13,957 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after acquiring an additional 9,251 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in Dynatrace in the fourth quarter worth about $842,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Down 1.9 %

The company has a 50 day simple moving average of $54.75 and a two-hundred day simple moving average of $54.27. The company has a market capitalization of $12.34 billion, a P/E ratio of 25.78, a PEG ratio of 7.05 and a beta of 1.05.

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.