Dynatrace, Inc. (NYSE:DT) Receives $59.70 Average Price Target from Analysts

Shares of Dynatrace, Inc. (NYSE:DT) have earned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $59.70.

DT has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Scotiabank upped their price objective on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Wedbush restated a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research note on Thursday, August 8th. Finally, Guggenheim reduced their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated 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 directly owns 650,587 shares in the company, valued at $33,505,230.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,426 shares of company stock valued at $3,804,069. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its position in 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 purchasing an additional 230 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace in the second quarter valued at approximately $26,000. DSM Capital Partners LLC purchased a new position in shares of Dynatrace in the fourth quarter valued at approximately $28,000. Finally, Rise Advisors LLC purchased a new position in shares of Dynatrace in the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 0.9 %

Shares of DT stock opened at $52.49 on Wednesday. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 100.94, a P/E/G ratio of 7.63 and a beta of 1.05. The stock has a fifty day simple moving average of $47.97 and a two-hundred day simple moving average of $46.61.

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

About Dynatrace

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.