Dynatrace, Inc. (NYSE:DT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Dynatrace, Inc. (NYSE:DT) have earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $60.04.

A number of equities analysts have recently weighed in on DT shares. BNP Paribas initiated coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Loop Capital dropped their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Wedbush reiterated a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a research note on Thursday, August 8th. Finally, BMO Capital Markets raised their price objective on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,426 shares of company stock valued at $3,804,069 over the last 90 days. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its position in Dynatrace by 5.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 77,613 shares of the company’s stock valued at $4,245,000 after purchasing an additional 3,850 shares during the period. Transcendent Capital Group LLC bought a new position in Dynatrace in the fourth quarter worth approximately $41,000. Vima LLC bought a new position in Dynatrace in the fourth quarter worth approximately $104,000. Congress Asset Management Co. MA lifted its holdings in Dynatrace by 861.8% during the fourth quarter. Congress Asset Management Co. MA now owns 235,769 shares of the company’s stock worth $12,894,000 after buying an additional 211,256 shares during the period. Finally, SageView Advisory Group LLC bought a new stake in Dynatrace during the 4th quarter valued at $539,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 0.7 %

NYSE DT opened at $55.13 on Friday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a market capitalization of $16.42 billion, a P/E ratio of 106.02, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06. The stock’s 50-day moving average price is $50.49 and its 200-day moving average price is $47.24.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. Research analysts anticipate that Dynatrace will post 0.71 EPS for the current year.

Dynatrace Company Profile

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.