Dynatrace (NYSE:DT) Reaches New 52-Week Low at $42.07

Shares of Dynatrace, Inc. (NYSE:DT) hit a new 52-week low on Thursday . The company traded as low as $42.07 and last traded at $42.29, with a volume of 1662686 shares. The stock had previously closed at $43.92.

Analysts Set New Price Targets

DT has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, June 18th. TD Cowen lowered their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a report on Friday, April 19th. Truist Financial reiterated a “buy” rating and set a $60.00 price objective (down previously from $70.00) on shares of Dynatrace in a research note on Thursday, May 16th. Finally, BMO Capital Markets lowered their price objective on Dynatrace from $54.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.56.

Dynatrace Stock Performance

The company has a fifty day moving average price of $44.88 and a two-hundred day moving average price of $47.95. The company has a market cap of $12.65 billion, a P/E ratio of 81.62, a PEG ratio of 6.75 and a beta of 1.04.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The company had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. Research analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the sale, the executive vice president now owns 237,772 shares in the company, valued at $10,514,277.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the sale, the executive vice president now owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares in the company, valued at $33,994,907.31. The disclosure for this sale can be found here. Insiders have sold a total of 84,274 shares of company stock valued at $3,883,271 over the last ninety days. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates grew its holdings in Dynatrace by 10.8% in the 4th quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock worth $12,864,000 after acquiring an additional 22,903 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Dynatrace by 2.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 67,358 shares of the company’s stock worth $3,684,000 after acquiring an additional 1,366 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Dynatrace by 48.8% during the fourth quarter. Blue Trust Inc. now owns 2,047 shares of the company’s stock valued at $112,000 after buying an additional 671 shares during the last quarter. Oak Thistle LLC bought a new position in Dynatrace during the fourth quarter valued at approximately $381,000. Finally, State of Michigan Retirement System grew its holdings in shares of Dynatrace by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 57,200 shares of the company’s stock worth $3,128,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.