Analysts Set Dynatrace, Inc. (NYSE:DT) Target Price at $59.70

Shares of Dynatrace, Inc. (NYSE:DT) have been given a consensus recommendation of “Moderate Buy” by the twenty-three brokerages that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $59.70.

Several equities analysts have commented on DT shares. Guggenheim dropped their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Piper Sandler began coverage on shares of Dynatrace in a report on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price objective for the company. Scotiabank boosted 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. Wells Fargo & Company dropped their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Loop Capital reduced their price objective on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th.

Dynatrace Trading Down 1.6 %

Shares of Dynatrace stock opened at $51.35 on Wednesday. The firm has a market capitalization of $15.31 billion, a PE ratio of 98.75, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05. The firm’s 50 day moving average is $47.64 and its 200 day moving average is $46.53. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41.

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

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction 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 approximately $33,505,230.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,426 shares of company stock worth $3,804,069. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dynatrace

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its stake in shares of Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after acquiring an additional 230 shares during the period. Versant Capital Management Inc boosted its position in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 572 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace in the second quarter worth about $26,000. DSM Capital Partners LLC bought a new stake in shares of Dynatrace in the fourth quarter valued at approximately $28,000. Finally, Rise Advisors LLC purchased a new stake in shares of Dynatrace during the 1st quarter valued at approximately $30,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Company Profile

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.