KeyCorp Cuts Dynatrace (NYSE:DT) Price Target to $50.00

Dynatrace (NYSE:DT) had its target price lowered by KeyCorp from $60.00 to $50.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also weighed in on DT. Weiss Ratings restated a “hold (c)” rating on shares of Dynatrace in a research report on Monday, December 29th. Citigroup reduced their price target on Dynatrace from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Barclays lowered their price objective on Dynatrace from $62.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Truist Financial cut their target price on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Finally, UBS Group set a $51.00 price target on shares of Dynatrace in a research report on Thursday, November 6th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.32.

Dynatrace Price Performance

DT stock opened at $33.76 on Wednesday. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 2.64 and a beta of 0.84. The company has a 50 day simple moving average of $41.95 and a 200 day simple moving average of $46.41. Dynatrace has a 1 year low of $32.83 and a 1 year high of $63.00.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, November 5th. The company reported $0.44 earnings per share 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 analysts’ expectations of $487.33 million. Dynatrace had a net margin of 27.33% and a return on equity of 9.24%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, equities research analysts anticipate that Dynatrace will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $46.69, for a total transaction of $93,380.00. Following the completion of the sale, the chief accounting officer directly owned 23,380 shares in the company, valued at $1,091,612.20. This represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 30,000 shares of Dynatrace stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total transaction of $1,398,300.00. Following the transaction, the chief executive officer directly owned 108,125 shares of the company’s stock, valued at $5,039,706.25. This represents a 21.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 39,843 shares of company stock valued at $1,846,424. 0.57% of the stock is currently owned by company insiders.

Institutional Trading of Dynatrace

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Dynatrace in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC increased its holdings in Dynatrace by 561.4% in the third quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares in the last quarter. MAI Capital Management lifted its stake in Dynatrace by 122.4% in the second quarter. MAI Capital Management now owns 547 shares of the company’s stock valued at $30,000 after buying an additional 301 shares during the period. VSM Wealth Advisory LLC acquired a new position in Dynatrace in the second quarter valued at approximately $34,000. Finally, Eastern Bank bought a new position in shares of Dynatrace during the 2nd quarter worth approximately $35,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Company Profile

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.