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

Dynatrace, Inc. (NYSE:DT) has earned an average recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $59.70.

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Piper Sandler assumed coverage on Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target on the stock. Loop Capital cut their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Finally, Guggenheim lowered their target price on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th.

Insider Activity

In related news, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the transaction, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the sale, the executive vice president now directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,426 shares of company stock valued at $3,804,069. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynatrace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in shares of Dynatrace in the 4th quarter valued at approximately $131,000. Quadrant Capital Group LLC raised its position in Dynatrace by 29.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,591 shares of the company’s stock valued at $142,000 after purchasing an additional 588 shares in the last quarter. Norges Bank bought a new stake in Dynatrace during the fourth quarter worth $148,515,000. PNC Financial Services Group Inc. boosted its holdings in shares of Dynatrace by 6.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,379 shares of the company’s stock valued at $1,443,000 after purchasing an additional 1,632 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Dynatrace by 14.5% in the 4th quarter. UBS Group AG now owns 353,880 shares of the company’s stock valued at $19,354,000 after purchasing an additional 44,842 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Performance

Shares of DT opened at $51.35 on Wednesday. The stock has a 50 day simple moving average of $47.64 and a 200 day simple moving average of $46.53. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41. The firm has a market capitalization of $15.31 billion, a PE ratio of 98.75, a P/E/G ratio of 7.63 and a beta of 1.05.

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

About Dynatrace

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.