Guggenheim Reiterates “Buy” Rating for Dynatrace (NYSE:DT)

Dynatrace (NYSE:DT)‘s stock had its “buy” rating restated by investment analysts at Guggenheim in a research report issued on Tuesday, Benzinga reports. They presently have a $60.00 price objective on the stock. Guggenheim’s price target points to a potential upside of 37.11% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on DT. Truist Financial restated a “buy” rating and set a $60.00 price target (down from $70.00) on shares of Dynatrace in a research note on Thursday, May 16th. Loop Capital lowered their price objective on Dynatrace from $56.00 to $50.00 and set a “hold” rating on the stock in a research report on Thursday, May 16th. Royal Bank of Canada lowered their price objective on Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Bank of America lowered their price objective on Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. lowered their price objective on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.42.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $43.76 on Tuesday. Dynatrace has a 52-week low of $42.94 and a 52-week high of $61.41. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 84.14, a P/E/G ratio of 6.56 and a beta of 1.05. The company’s 50 day moving average price is $46.14 and its 200-day moving average price is $49.79.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. The business had revenue of $380.85 million during the quarter, compared to analysts’ expectations of $375.20 million. As a group, equities research analysts forecast that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares in the company, valued at $11,828,382.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares in the company, valued at $11,828,382.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DT. Contravisory Investment Management Inc. acquired a new stake in Dynatrace during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. grew its holdings in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after acquiring an additional 230 shares during the period. DSM Capital Partners LLC acquired a new stake in Dynatrace during the fourth quarter worth about $28,000. Rise Advisors LLC acquired a new stake in Dynatrace during the first quarter worth about $30,000. Finally, NewSquare Capital LLC acquired a new stake in Dynatrace during the fourth quarter worth about $32,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.