Loop Capital Boosts Dynatrace (NYSE:DT) Price Target to $55.00

Dynatrace (NYSE:DT) had its price objective lifted by research analysts at Loop Capital from $45.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Loop Capital’s price target indicates a potential upside of 3.99% from the stock’s current price.

Several other analysts have also issued reports on DT. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Friday. BTIG Research boosted their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Guggenheim boosted their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Wedbush started coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

Dynatrace Stock Down 2.6 %

NYSE DT opened at $52.89 on Friday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The business’s fifty day simple moving average is $52.90 and its 200-day simple moving average is $48.38. The firm has a market cap of $15.76 billion, a PE ratio of 96.16, a P/E/G ratio of 8.30 and a beta of 1.06.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping 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 company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. Research analysts expect that Dynatrace will post 0.71 EPS for the current year.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s 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 directly owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after buying an additional 1,680,971 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Dynatrace by 8.7% in the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after buying an additional 583,220 shares during the last quarter. American Century Companies Inc. lifted its stake in Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after buying an additional 782,588 shares during the last quarter. RGM Capital LLC lifted its stake in Dynatrace by 6.2% in the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after buying an additional 225,000 shares during the last quarter. Finally, Eminence Capital LP purchased a new stake in Dynatrace in the second quarter valued at approximately $158,369,000. 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 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.