Dynatrace, Inc. (NYSE:DT) Receives $62.96 Consensus PT from Brokerages

Shares of Dynatrace, Inc. (NYSE:DT) have been given a consensus recommendation of “Moderate Buy” by the twenty-three brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $63.0909.

DT has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price target on Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dynatrace in a research report on Wednesday, October 8th. Wells Fargo & Company started coverage on Dynatrace in a research report on Tuesday, September 30th. They set an “overweight” rating and a $65.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Finally, Wall Street Zen cut Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd.

Dynatrace Price Performance

DT stock opened at $48.98 on Thursday. Dynatrace has a 1-year low of $39.30 and a 1-year high of $63.00. The business has a fifty day moving average price of $49.12 and a 200-day moving average price of $50.60. The stock has a market capitalization of $14.77 billion, a P/E ratio of 30.05, a P/E/G ratio of 4.38 and a beta of 0.88.

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

Insider Activity at Dynatrace

In related news, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the sale, the director owned 1,012 shares in the company, valued at approximately $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 7,503 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $50.00, for a total value of $375,150.00. Following the sale, the executive vice president owned 1,420 shares of the company’s stock, valued at approximately $71,000. This trade represents a 84.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 10,602 shares of company stock worth $529,579. 0.57% of the stock is owned by insiders.

Institutional Trading of Dynatrace

Hedge funds have recently bought and sold shares of the stock. Keybank National Association OH grew its holdings in Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company’s stock valued at $34,808,000 after purchasing an additional 170,380 shares during the period. Bridges Investment Management Inc. grew its holdings in Dynatrace by 82.4% during the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock valued at $1,173,000 after purchasing an additional 11,234 shares during the period. Asset Management One Co. Ltd. grew its holdings in Dynatrace by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company’s stock valued at $5,734,000 after purchasing an additional 4,697 shares during the period. Teacher Retirement System of Texas bought a new stake in Dynatrace during the first quarter valued at about $2,175,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Dynatrace in the first quarter worth about $3,846,000. Institutional investors 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.