Dynatrace (NYSE:DT) PT Raised to $55.00

Dynatrace (NYSE:DT) had its price objective upped by equities researchers at Scotiabank from $52.00 to $55.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 15.28% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Guggenheim cut their price objective on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. TD Cowen reduced their price target on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada dropped their price objective on Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Robert W. Baird reduced their target price on Dynatrace from $65.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Finally, Wedbush reissued a “neutral” rating and issued a $55.00 target price on shares of Dynatrace in a research report on Thursday. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

Dynatrace Trading Up 0.9 %

NYSE:DT traded up $0.41 during mid-day trading on Thursday, hitting $47.71. The stock had a trading volume of 3,080,643 shares, compared to its average volume of 3,605,167. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The stock has a 50-day simple moving average of $44.52 and a two-hundred day simple moving average of $47.30. The company has a market capitalization of $14.23 billion, a PE ratio of 91.75, a PEG ratio of 6.40 and a beta of 1.04.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 10.81% and a return on equity of 9.89%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. Sell-side analysts predict that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the sale, the executive vice president now owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the transaction, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the transaction, the executive vice president now owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The disclosure for this sale can be found here. Insiders sold 84,274 shares of company stock valued at $3,883,271 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its holdings in Dynatrace by 95.0% in the second quarter. Virtu Financial LLC now owns 25,187 shares of the company’s stock valued at $1,127,000 after purchasing an additional 12,271 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Dynatrace by 68.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,476 shares of the company’s stock worth $51,601,000 after buying an additional 467,121 shares in the last quarter. Walter Public Investments Inc. grew its stake in Dynatrace by 12.5% in the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock valued at $14,321,000 after acquiring an additional 35,626 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Dynatrace by 7.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,108,196 shares of the company’s stock valued at $49,581,000 after acquiring an additional 77,703 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Dynatrace by 10.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 26,625 shares of the company’s stock worth $1,191,000 after acquiring an additional 2,435 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.