Dynatrace, Inc. (NYSE:DT) Given Consensus Rating of “Moderate Buy” by Analysts

Dynatrace, Inc. (NYSE:DT) has received a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $60.57.

Several equities analysts have issued reports on DT shares. Wedbush began coverage on Dynatrace in a research report on Thursday. They set an “outperform” rating and a $67.00 target price on the stock. Wells Fargo & Company cut their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Guggenheim boosted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, Loop Capital lowered their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th.

Dynatrace Stock Performance

Shares of DT opened at $54.86 on Friday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a 50-day simple moving average of $51.45 and a 200-day simple moving average of $47.53. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 105.50, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS 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 company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities research analysts forecast that Dynatrace will post 0.71 EPS for the current year.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction 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 transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace 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 transaction, the director now owns 41,471 shares in the company, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock valued at $3,397,904 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after buying an additional 1,680,971 shares during the period. US Bancorp DE grew its holdings in Dynatrace by 89.7% during the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock valued at $2,251,000 after purchasing an additional 22,928 shares in the last quarter. Norden Group LLC purchased a new stake in Dynatrace during the 1st quarter worth $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Dynatrace by 640.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock worth $8,469,000 after buying an additional 157,739 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Dynatrace in the 2nd quarter valued at about $1,295,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Dynatrace

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.