Dynatrace (NYSE: DT) has recently received a number of price target changes and ratings updates:
- 8/8/2024 – Dynatrace had its price target raised by analysts at Scotiabank from $52.00 to $55.00. They now have a “sector outperform” rating on the stock.
- 8/8/2024 – Dynatrace had its price target raised by analysts at BMO Capital Markets from $49.00 to $53.00. They now have an “outperform” rating on the stock.
- 8/8/2024 – Dynatrace had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $55.00 price target on the stock.
- 8/6/2024 – Dynatrace had its price target lowered by analysts at Wells Fargo & Company from $60.00 to $50.00. They now have an “overweight” rating on the stock.
- 8/6/2024 – Dynatrace had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
- 7/19/2024 – Dynatrace had its price target lowered by analysts at BMO Capital Markets from $54.00 to $49.00. They now have an “outperform” rating on the stock.
- 7/16/2024 – Dynatrace had its price target lowered by analysts at Guggenheim from $60.00 to $55.00. They now have a “buy” rating on the stock.
- 6/27/2024 – Dynatrace is now covered by analysts at Piper Sandler. They set a “neutral” rating and a $50.00 price target on the stock.
- 6/26/2024 – Dynatrace had its price target lowered by analysts at Loop Capital from $50.00 to $45.00. They now have a “hold” rating on the stock.
- 6/25/2024 – Dynatrace had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $60.00 price target on the stock.
Dynatrace Price Performance
DT opened at $49.58 on Monday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The stock has a market capitalization of $14.79 billion, a PE ratio of 95.35, a P/E/G ratio of 6.40 and a beta of 1.04. The firm’s fifty day moving average price is $44.71 and its 200 day moving average price is $46.85.
Dynatrace (NYSE:DT – Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.89% and a net margin of 10.81%. The firm had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same period in the previous year, the company earned $0.16 earnings per share. Dynatrace’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities research analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.
Insider Activity
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Quarry LP raised its position in shares of Dynatrace by 209.6% during the 2nd quarter. Quarry LP now owns 5,784 shares of the company’s stock worth $259,000 after buying an additional 3,916 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dynatrace by 20.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,525 shares of the company’s stock valued at $292,000 after acquiring an additional 1,090 shares during the period. Oliver Lagore Vanvalin Investment Group raised its holdings in Dynatrace by 24,432.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 23,796 shares of the company’s stock worth $1,065,000 after purchasing an additional 23,699 shares in the last quarter. Scientech Research LLC acquired a new stake in Dynatrace in the second quarter worth approximately $1,407,000. Finally, MBB Public Markets I LLC bought a new position in Dynatrace during the 2nd quarter valued at $830,000. Institutional investors and hedge funds own 94.28% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Dynatrace
- Upcoming IPO Stock Lockup Period, Explained
- This Small Cap Wealth Management Stock Could Provide Big Returns
- Best Aerospace Stocks Investing
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Find and Profitably Trade Stocks at 52-Week Lows
- MarketBeat Week in Review – 8/12 – 8/16
Receive News & Ratings for Dynatrace Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace Inc and related companies with MarketBeat.com's FREE daily email newsletter.