Dynatrace (NYSE:DT) Price Target Increased to $65.00 by Analysts at Jefferies Financial Group

Dynatrace (NYSE:DT) had its price objective upped by Jefferies Financial Group from $60.00 to $65.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 18.87% from the stock’s current price.

A number of other brokerages have also issued reports on DT. Guggenheim raised their target price on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Scotiabank raised their price objective on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Wedbush initiated coverage on Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Piper Sandler initiated coverage on shares of Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target for the company. Finally, BMO Capital Markets upped their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $60.35.

Dynatrace Stock Performance

Shares of NYSE DT opened at $54.68 on Tuesday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company has a market cap of $16.31 billion, a PE ratio of 105.15, a P/E/G ratio of 7.93 and a beta of 1.06. The business has a 50-day simple moving average of $51.60 and a two-hundred day simple moving average of $47.60.

Dynatrace (NYSE:DT) last released its earnings results 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 company had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Dynatrace’s revenue was up 19.9% compared to the same quarter last year. On average, sell-side analysts predict that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred 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 owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Dan Zugelder sold 11,022 shares of the company’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 completion of the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock valued at $3,397,904 in the last three months. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Several institutional investors and hedge funds have recently added to or reduced their stakes in DT. Eminence Capital LP acquired a new stake in Dynatrace in the 2nd quarter valued at about $158,369,000. Jericho Capital Asset Management L.P. purchased a new position in Dynatrace during the first quarter worth approximately $133,701,000. Assenagon Asset Management S.A. lifted its position in Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock worth $98,792,000 after buying an additional 2,030,915 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after buying an additional 1,680,971 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock valued at $62,176,000 after buying an additional 1,029,387 shares in the last quarter. Institutional investors and hedge funds 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.