Dynatrace (NYSE:DT) Reaches New 52-Week Low Following Analyst Downgrade

Dynatrace, Inc. (NYSE:DT) 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 trading hands. The stock had previously closed at $42.01.

Several other equities analysts have also issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Robert W. Baird set a $65.00 price target on Dynatrace in a report on Friday, January 31st. Morgan Stanley upped their price target on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.13.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 in the last quarter. 0.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DT. Smartleaf Asset Management LLC lifted its position in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Dynatrace in the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in shares of Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after buying an additional 669 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

The stock has a market cap of $12.45 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The stock’s 50-day moving average is $54.46 and its two-hundred day moving average is $54.20.

Dynatrace Company Profile

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.