Dynatrace (NYSE:DT) Given New $63.00 Price Target at BTIG Research

Dynatrace (NYSE:DT) had its target price raised by BTIG Research from $57.00 to $63.00 in a research report sent to investors on Wednesday, Benzinga reports. BTIG Research currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Jefferies Financial Group lifted their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Loop Capital lowered their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Finally, Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.46.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $53.24 on Wednesday. The company has a market capitalization of $15.88 billion, a PE ratio of 102.38, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06. The stock has a fifty day moving average of $51.83 and a 200-day moving average of $47.70. Dynatrace has a one year low of $39.42 and a one year high of $61.41.

Dynatrace (NYSE:DT) last issued its quarterly 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 firm had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. During the same quarter last year, the business posted $0.16 EPS. Dynatrace’s revenue was up 19.9% on a year-over-year basis. As a group, research analysts forecast that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’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 sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $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 three months, insiders sold 66,022 shares of company stock worth $3,397,904. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew 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 buying an additional 230 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace during the second quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new position in shares of Dynatrace in the second quarter valued at $32,000. Finally, Riverview Trust Co lifted its position in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the period. 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.