Jefferies Financial Group Increases Dynatrace (NYSE:DT) Price Target to $65.00

Dynatrace (NYSE:DT) had its price objective increased by Jefferies Financial Group from $60.00 to $65.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Loop Capital decreased their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Scotiabank boosted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Guggenheim boosted their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Piper Sandler initiated coverage on shares of Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.46.

Dynatrace Stock Performance

NYSE DT opened at $54.07 on Tuesday. The firm’s fifty day moving average price is $51.93 and its two-hundred day moving average price is $47.74. The stock has a market cap of $16.12 billion, a PE ratio of 103.98, a PEG ratio of 7.93 and a beta of 1.06. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, sell-side analysts predict that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at $2,280,905. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock worth $3,397,904 over the last quarter. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Direct Indexing L.P. raised its holdings in shares of Dynatrace by 11.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,524 shares of the company’s stock worth $295,000 after acquiring an additional 576 shares during the last quarter. Diversify Advisory Services LLC grew its position in Dynatrace by 9.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 32,897 shares of the company’s stock worth $1,762,000 after purchasing an additional 2,899 shares in the last quarter. State of Alaska Department of Revenue grew its position in Dynatrace by 24.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 43,099 shares of the company’s stock worth $2,303,000 after purchasing an additional 8,585 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Dynatrace in the 3rd quarter worth about $587,000. Finally, Forsta AP Fonden grew its position in Dynatrace by 15.1% in the 3rd quarter. Forsta AP Fonden now owns 61,900 shares of the company’s stock worth $3,310,000 after purchasing an additional 8,100 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.