Dynatrace, Inc. (NYSE:DT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Dynatrace, Inc. (NYSE:DT) has been assigned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $60.04.

DT has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Wells Fargo & Company decreased their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Guggenheim upped their price target on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. BMO Capital Markets lifted their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, BNP Paribas assumed coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock.

Dynatrace Stock Up 0.7 %

Shares of Dynatrace stock opened at $55.13 on Friday. The company has a market cap of $16.42 billion, a P/E ratio of 106.02, a PEG ratio of 7.93 and a beta of 1.06. The firm’s 50 day moving average price is $50.49 and its 200-day moving average price is $47.24. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41.

Dynatrace (NYSE:DT) last released its quarterly 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. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The business had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same period in the previous year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities research analysts forecast that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Activity at Dynatrace

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated 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 $33,505,230.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 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 directly owns 650,587 shares in the company, valued at $33,505,230.50. The trade was 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 link. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were 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 in the company, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,426 shares of company stock worth $3,804,069 in the last three months. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky boosted its holdings in Dynatrace by 5.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 77,613 shares of the company’s stock worth $4,245,000 after buying an additional 3,850 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Dynatrace in the fourth quarter valued at approximately $41,000. Vima LLC acquired a new stake in shares of Dynatrace in the fourth quarter worth approximately $104,000. Congress Asset Management Co. MA increased its position in shares of Dynatrace by 861.8% during the fourth quarter. Congress Asset Management Co. MA now owns 235,769 shares of the company’s stock worth $12,894,000 after purchasing an additional 211,256 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in Dynatrace in the 4th quarter valued at $539,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.