Dynatrace, Inc. (NYSE:DT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Dynatrace, Inc. (NYSE:DT) have received a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $60.57.

DT has been the topic of several research reports. Guggenheim upped their price objective on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. BMO Capital Markets raised their price objective on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Wells Fargo & Company lowered their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Piper Sandler began coverage on shares of Dynatrace in a research report on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price target on the stock. Finally, BNP Paribas started coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company.

Insider Buying and Selling

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock valued at $3,397,904 over the last three months. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

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

Dynatrace Trading Up 1.6 %

DT stock opened at $54.86 on Friday. The company has a market capitalization of $16.36 billion, a P/E ratio of 105.50, a PEG ratio of 7.93 and a beta of 1.06. The firm has a 50 day simple moving average of $51.45 and a 200-day simple moving average of $47.53. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. On average, research analysts predict that Dynatrace will post 0.71 EPS for the current year.

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.