Dynatrace, Inc. (NYSE:DT – Get Free Report) CEO Rick M. Mcconnell sold 50,000 shares of the company’s 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 sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Dynatrace Price Performance
Shares of NYSE:DT opened at $52.20 on Friday. The business’s 50-day moving average is $47.49 and its 200 day moving average is $46.52. The firm has a market capitalization of $15.57 billion, a P/E ratio of 100.38, a P/E/G ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41.
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 analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The company’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. On average, analysts expect that Dynatrace, Inc. will post 0.71 EPS for the current year.
Institutional Investors Weigh In On Dynatrace
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on DT. Wells Fargo & Company lowered their target price on 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 reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Guggenheim reduced their price target on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Wedbush reissued a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a research report on Thursday, August 8th. Finally, BMO Capital Markets boosted their price target on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.70.
Get Our Latest Stock Analysis on Dynatrace
Dynatrace Company Profile
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.
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