Dynatrace (NYSE:DT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dynatrace (NYSE:DT) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Other research analysts also recently issued reports about the stock. Rosenblatt Securities reissued a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. KeyCorp began coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an “overweight” rating and a $69.00 price objective on the stock. BMO Capital Markets lowered their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Wedbush reissued an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, May 16th. Finally, Royal Bank Of Canada raised their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.72.

Dynatrace Price Performance

NYSE DT opened at $48.62 on Friday. The firm’s fifty day moving average price is $50.69 and its 200 day moving average price is $50.48. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 4.31 and a beta of 0.91. Dynatrace has a 12 month low of $39.30 and a 12 month high of $63.00.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. As a group, sell-side analysts forecast that Dynatrace will post 0.68 earnings per share for the current year.

Insider Activity

In other news, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the sale, the director owned 1,012 shares of the company’s stock, valued at $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the sale, the chief accounting officer owned 22,555 shares of the company’s stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,099 shares of company stock worth $154,429. Insiders own 0.57% of the company’s stock.

Institutional Trading of Dynatrace

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MAI Capital Management lifted its stake in shares of 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 purchasing an additional 301 shares during the period. VSM Wealth Advisory LLC acquired a new position in Dynatrace during the second quarter worth about $34,000. Eastern Bank acquired a new position in Dynatrace during the second quarter worth about $35,000. CX Institutional acquired a new position in Dynatrace during the first quarter worth about $40,000. Finally, Brooklyn Investment Group raised its position in Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.