Dynatrace, Inc. (NYSE:DT) Given Average Recommendation of “Moderate Buy” by Analysts

Dynatrace, Inc. (NYSE:DT) has been given an average rating of “Moderate Buy” by the twenty-three ratings firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $59.70.

Several equities analysts have commented on the company. Scotiabank raised their price objective on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Loop Capital lowered their price target on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research note on Thursday, August 8th. Piper Sandler initiated coverage on shares of Dynatrace in a research note on Thursday, June 27th. They set a “neutral” rating and a $50.00 target price for the company. Finally, Guggenheim dropped their price target on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th.

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the transaction, the executive vice president now owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,426 shares of company stock worth $3,804,069. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

Several institutional investors have recently made changes to their positions in DT. Geneos Wealth Management Inc. grew its position in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares during the period. Versant Capital Management Inc grew its position in shares of Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 572 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Dynatrace in the 2nd quarter worth $26,000. DSM Capital Partners LLC bought a new position in Dynatrace in the 4th quarter worth $28,000. Finally, Rise Advisors LLC purchased a new position in Dynatrace during the first quarter valued at $30,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

DT stock opened at $52.09 on Wednesday. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The firm has a 50-day moving average of $47.15 and a 200 day moving average of $46.44. The company has a market cap of $15.53 billion, a P/E ratio of 100.17, a PEG ratio of 7.63 and a beta of 1.05.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $399.20 million during 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 business’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. On average, equities research analysts expect that Dynatrace will post 0.71 earnings per share for the current fiscal year.

About Dynatrace

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.