Investment Analysts’ Recent Ratings Changes for Dynatrace (DT)

Several analysts have recently updated their ratings and price targets for Dynatrace (NYSE: DT):

• 11/6/2024 – Dynatrace had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $65.00 price target on the stock.
• 10/30/2024 – Dynatrace had its price target raised by analysts at JPMorgan Chase & Co. from $55.00 to $60.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Dynatrace had its price target raised by analysts at BTIG Research from $57.00 to $63.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Dynatrace had its price target raised by analysts at Jefferies Financial Group Inc. from $60.00 to $65.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Dynatrace is now covered by analysts at Wedbush. They set an “outperform” rating and a $67.00 price target on the stock.
• 10/8/2024 – Dynatrace is now covered by analysts at BNP Paribas. They set a “neutral” rating and a $52.00 price target on the stock.
• 10/7/2024 – Dynatrace was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $64.00 price target on the stock, up previously from $52.00.
• 9/27/2024 – Dynatrace had its price target raised by analysts at Guggenheim from $55.00 to $64.00. They now have a “buy” rating on the stock.

Dynatrace Stock Down 3.8 %

DT stock opened at $54.32 on Friday. The firm’s 50-day simple moving average is $52.77 and its 200 day simple moving average is $48.29. The stock has a market cap of $16.18 billion, a PE ratio of 104.46, a price-to-earnings-growth ratio of 8.02 and a beta of 1.06. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating 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 company had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock valued at $3,397,904 in the last quarter. Corporate insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Several institutional investors have recently modified their holdings of DT. Geneos Wealth Management Inc. lifted its stake in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Dynatrace during the 2nd quarter valued at $26,000. Versant Capital Management Inc boosted its stake 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 acquiring an additional 572 shares in the last quarter. Riverview Trust Co grew its holdings in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the last quarter. Finally, Paladin Wealth LLC acquired a new position in shares of Dynatrace in the 3rd quarter worth $38,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.