Dynatrace (NYSE:DT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Dynatrace (NYSE:DT) had its price objective lifted by JPMorgan Chase & Co. from $55.00 to $60.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

DT has been the topic of several other research reports. Jefferies Financial Group lifted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $64.00 in a report on Monday, October 7th. Wedbush began coverage on Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective on the stock. Scotiabank increased their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. Finally, BTIG Research lifted their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.46.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $54.07 on Wednesday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The business has a 50-day simple moving average of $52.45 and a two-hundred day simple moving average of $48.08. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 103.98, a price-to-earnings-growth ratio of 8.09 and a beta of 1.06.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Dynatrace’s revenue was up 19.9% on a year-over-year basis. As a group, research analysts predict that Dynatrace will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock valued at $3,397,904 in the last quarter. 0.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Michigan Retirement System boosted its holdings in Dynatrace by 3.0% during the 1st quarter. State of Michigan Retirement System now owns 58,900 shares of the company’s stock valued at $2,735,000 after acquiring an additional 1,700 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Dynatrace by 8.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 575,760 shares of the company’s stock valued at $26,738,000 after acquiring an additional 43,611 shares during the period. State of Alaska Department of Revenue boosted its holdings in Dynatrace by 0.8% during the 1st quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock valued at $1,602,000 after acquiring an additional 260 shares during the period. Norden Group LLC purchased a new position in Dynatrace during the 1st quarter valued at $5,546,000. Finally, Maryland State Retirement & Pension System boosted its holdings in Dynatrace by 9.5% during the 1st quarter. Maryland State Retirement & Pension System now owns 20,255 shares of the company’s stock valued at $906,000 after acquiring an additional 1,752 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.