Guggenheim Increases Dynatrace (NYSE:DT) Price Target to $64.00

Dynatrace (NYSE:DT) had its price objective increased by research analysts at Guggenheim from $55.00 to $64.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective indicates a potential upside of 20.91% from the stock’s previous close.

Several other research analysts have also commented on DT. BMO Capital Markets lifted their price target on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Loop Capital lowered their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Wells Fargo & Company reduced their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Scotiabank upped their price target on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.09.

Dynatrace Trading Up 0.7 %

Dynatrace stock traded up $0.35 during midday trading on Friday, hitting $52.93. The stock had a trading volume of 1,507,837 shares, compared to its average volume of 3,494,514. The business has a fifty day moving average price of $48.33 and a 200 day moving average price of $46.69. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a market cap of $15.77 billion, a P/E ratio of 101.50, a P/E/G ratio of 7.83 and a beta of 1.05.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. On average, equities analysts anticipate that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Activity

In other news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on 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 directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,426 shares of company stock worth $3,804,069. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cim LLC increased its stake in Dynatrace by 4.7% in the 2nd quarter. Cim LLC now owns 20,485 shares of the company’s stock valued at $1,009,000 after buying an additional 926 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Dynatrace during the second quarter worth $567,000. Coronation Fund Managers Ltd. purchased a new stake in shares of Dynatrace during the second quarter worth $8,328,000. Clearbridge Investments LLC boosted its position in Dynatrace by 16.8% during the second quarter. Clearbridge Investments LLC now owns 1,725,817 shares of the company’s stock valued at $77,213,000 after purchasing an additional 248,730 shares during the last quarter. Finally, New Century Financial Group LLC purchased a new position in Dynatrace in the second quarter valued at about $233,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.