TD Cowen Trims Dynatrace (NYSE:DT) Target Price to $58.00

Dynatrace (NYSE:DT) had its target price trimmed by TD Cowen from $62.00 to $58.00 in a research note published on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

DT has been the subject of several other reports. Barclays lowered their target price on Dynatrace from $59.00 to $52.00 and set an equal weight rating for the company in a report on Wednesday, March 20th. Needham & Company LLC restated a hold rating on shares of Dynatrace in a research report on Monday, April 1st. Wolfe Research initiated coverage on Dynatrace in a research report on Monday, March 18th. They issued an outperform rating and a $60.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Dynatrace from $65.00 to $60.00 and set an overweight rating on the stock in a research report on Monday, April 1st. Finally, Rosenblatt Securities raised their target price on Dynatrace from $58.00 to $65.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $61.08.

Dynatrace Trading Down 1.9 %

NYSE:DT opened at $45.40 on Friday. The firm has a market capitalization of $13.37 billion, a PE ratio of 68.79, a price-to-earnings-growth ratio of 3.89 and a beta of 1.07. The stock has a 50 day moving average of $47.55 and a 200-day moving average of $50.89. Dynatrace has a 52 week low of $40.43 and a 52 week high of $61.41.

Dynatrace (NYSE:DT) last posted its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. As a group, analysts predict that Dynatrace will post 0.62 EPS for the current fiscal year.

Insider Transactions at Dynatrace

In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction on Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the sale, the insider now owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction on Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the sale, the insider now owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the sale, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The disclosure for this sale can be found here. Insiders sold a total of 14,278,591 shares of company stock valued at $750,893,396 over the last quarter. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several institutional investors have recently bought and sold shares of DT. Price T Rowe Associates Inc. MD raised its holdings in Dynatrace by 2,277.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,934,130 shares of the company’s stock valued at $293,315,000 after buying an additional 6,642,452 shares in the last quarter. Norges Bank bought a new position in Dynatrace during the fourth quarter valued at about $148,515,000. American Century Companies Inc. raised its holdings in Dynatrace by 11,824.1% during the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock valued at $112,702,000 after buying an additional 2,391,545 shares in the last quarter. Vanguard Group Inc. raised its holdings in Dynatrace by 9.8% during the fourth quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock valued at $1,436,393,000 after buying an additional 2,348,246 shares in the last quarter. Finally, State Street Corp raised its holdings in Dynatrace by 55.7% during the third quarter. State Street Corp now owns 6,202,122 shares of the company’s stock valued at $215,896,000 after buying an additional 2,218,679 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.