BMO Capital Markets Raises Dynatrace (NYSE:DT) Price Target to $53.00

Dynatrace (NYSE:DT) had its price target raised by BMO Capital Markets from $49.00 to $53.00 in a research report sent to investors on Thursday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on DT. Royal Bank of Canada lowered their target price on Dynatrace from $66.00 to $60.00 and set an outperform rating on the stock in a research report on Thursday, May 16th. Guggenheim lowered their target price on Dynatrace from $60.00 to $55.00 and set a buy rating on the stock in a research note on Tuesday, July 16th. Wedbush restated a neutral rating and set a $55.00 price target on shares of Dynatrace in a research report on Thursday. Loop Capital lowered their price objective on shares of Dynatrace from $50.00 to $45.00 and set a hold rating on the stock in a research report on Wednesday, June 26th. Finally, Needham & Company LLC restated a hold rating on shares of Dynatrace in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $59.70.

Dynatrace Trading Up 0.9 %

Dynatrace stock traded up $0.44 during trading hours on Thursday, reaching $48.15. 1,666,342 shares of the stock were exchanged, compared to its average volume of 3,592,577. The stock has a 50 day moving average of $44.52 and a two-hundred day moving average of $47.22. The company has a market cap of $14.36 billion, a P/E ratio of 91.19, a price-to-earnings-growth ratio of 6.40 and a beta of 1.04. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last released its quarterly earnings data 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. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. The company had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. On average, analysts expect that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the transaction, the executive vice president now owns 253,176 shares in the company, valued at approximately $11,828,382.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at approximately $11,828,382.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,274 shares of company stock worth $3,883,271. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its stake in Dynatrace by 35.9% in the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares in the last quarter. 1492 Capital Management LLC boosted its position in shares of Dynatrace by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock worth $1,266,000 after purchasing an additional 224 shares during the period. Bessemer Group Inc. boosted its stake in shares of Dynatrace by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after buying an additional 226 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Dynatrace by 76.7% during 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 during the period. Finally, McAdam LLC raised its holdings in Dynatrace by 1.9% in the first quarter. McAdam LLC now owns 12,818 shares of the company’s stock valued at $595,000 after acquiring an additional 243 shares in the last quarter. Hedge funds and other institutional investors 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.