Recent Investment Analysts’ Ratings Updates for Dynatrace (DT)

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) 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

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of Dynatrace 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 completion of the transaction, the executive vice president now directly owns 237,772 shares in the company, valued at $10,514,277.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dan Zugelder sold 15,404 shares of the business’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 disclosure for this sale can be found here. In the last three months, insiders sold 84,274 shares of company stock valued at $3,883,271. Company insiders own 0.54% of the company’s stock.

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.