Dynatrace (NYSE:DT) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Dynatrace (NYSE:DT) from an equal weight rating to an overweight rating in a research report released on Monday, Marketbeat Ratings reports. They currently have $64.00 target price on the stock, up from their previous target price of $52.00.

A number of other analysts have also commented on the stock. Scotiabank lifted 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 lowered their target price on shares of Dynatrace from $60.00 to $50.00 and set an overweight rating for the company in a report on Tuesday, August 6th. Piper Sandler assumed coverage on shares of Dynatrace in a report on Thursday, June 27th. They set a neutral rating and a $50.00 target price for the company. BMO Capital Markets lifted their target price on shares of Dynatrace from $49.00 to $53.00 and gave the stock an outperform rating in a report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Dynatrace in a report on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace currently has a consensus rating of Moderate Buy and an average target price of $60.25.

Dynatrace Price Performance

DT stock opened at $54.74 on Monday. The company has a 50 day moving average price of $49.97 and a 200 day moving average price of $47.12. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock has a market capitalization of $16.32 billion, a PE ratio of 105.27, a price-to-earnings-growth ratio of 7.83 and a beta of 1.06.

Dynatrace (NYSE:DT) last posted its quarterly earnings data 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. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. During the same quarter in the previous year, the company posted $0.16 EPS. Dynatrace’s revenue was up 19.9% on a year-over-year basis. As a group, equities analysts expect that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 0.00 % decrease in their position. The sale 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 business’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 in the company, 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. Insiders have sold 76,426 shares of company stock valued at $3,804,069 in the last three months. 0.54% 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 modified their holdings of DT. Geneos Wealth Management Inc. raised its holdings in shares of Dynatrace by 76.7% in the 1st 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 period. Versant Capital Management Inc raised its holdings in shares of Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Dynatrace in the 2nd quarter valued at about $26,000. Rise Advisors LLC acquired a new position in Dynatrace in the 1st quarter valued at about $30,000. Finally, V Square Quantitative Management LLC acquired a new position in Dynatrace in the 2nd quarter valued at about $32,000. 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.