Dynatrace (NYSE:DT) Sets New 12-Month Low After Analyst Downgrade

Dynatrace, Inc. (NYSE:DT - Get Free Report)'s stock price reached 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 traded. The stock had previously closed at $42.01.

DT has been the topic of a number of other reports. Cantor Fitzgerald reiterated a "neutral" rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Truist Financial boosted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $63.13.

Insider Activity at Dynatrace

In other news, 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 sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction on Friday, February 14th. The stock was 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 owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. Insiders own 0.59% of the company's stock.

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Institutional Trading of Dynatrace

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new position in Dynatrace during the third quarter valued at approximately $327,000. HighTower Advisors LLC grew its stake in shares of Dynatrace by 8.9% in the third quarter. HighTower Advisors LLC now owns 26,101 shares of the company's stock worth $1,398,000 after purchasing an additional 2,129 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Dynatrace by 15.7% in the third quarter. Stifel Financial Corp now owns 16,014 shares of the company's stock valued at $856,000 after buying an additional 2,177 shares during the period. MML Investors Services LLC raised its holdings in Dynatrace by 13.7% during the 3rd quarter. MML Investors Services LLC now owns 88,011 shares of the company's stock worth $4,706,000 after purchasing an additional 10,617 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Dynatrace by 6.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 154,868 shares of the company's stock worth $8,281,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

The business has a 50 day moving average price of $52.65 and a 200-day moving average price of $53.80. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 7.05 and a beta of 1.05.

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.