Dynatrace (NYSE:DT) Hits New 12-Month Low on Analyst Downgrade

Dynatrace, Inc. (NYSE:DT)’s share price hit a new 52-week low during mid-day 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. The stock had previously closed at $42.01.

DT has been the topic of a number of other reports. Morgan Stanley increased their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Truist Financial raised their price target on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.13.

Insider Activity at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently modified their holdings of DT. Vanguard Group Inc. boosted its stake in Dynatrace by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock worth $1,639,260,000 after purchasing an additional 484,877 shares during the period. State Street Corp raised its position in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Dynatrace by 5.6% in the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock worth $508,811,000 after acquiring an additional 493,987 shares during the period. American Century Companies Inc. increased its stake in shares of Dynatrace by 10.2% during the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock worth $411,449,000 after acquiring an additional 700,332 shares during the period. Finally, Pictet Asset Management Holding SA raised its holdings in Dynatrace by 13.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock worth $381,860,000 after purchasing an additional 834,225 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Down 1.9 %

The company has a market cap of $12.34 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The stock has a fifty day simple moving average of $54.75 and a two-hundred day simple moving average of $54.27.

About Dynatrace

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.