Dynatrace’s (DT) “Buy” Rating Reiterated at Rosenblatt Securities

Dynatrace (NYSE:DT)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $65.00 target price on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 19.66% from the stock’s previous close.

DT has been the topic of several other research reports. JPMorgan Chase & Co. upped their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Guggenheim upped their price objective on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company reduced 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. BTIG Research boosted their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.46.

Dynatrace Trading Down 3.8 %

NYSE DT opened at $54.32 on Wednesday. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The stock’s fifty day moving average price is $52.77 and its 200-day moving average price is $48.29. The stock has a market cap of $16.18 billion, a P/E ratio of 104.96, a P/E/G ratio of 8.02 and a beta of 1.06.

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

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in shares of Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after buying an additional 230 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Dynatrace during the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares in the last quarter. Riverview Trust Co increased its position in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Finally, Paladin Wealth LLC purchased a new stake in Dynatrace during the third quarter valued at $38,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Company Profile

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.