Dynatrace (NYSE:DT) Price Target Raised to $55.00 at Loop Capital

Dynatrace (NYSE:DT) had its price target lifted by Loop Capital from $45.00 to $55.00 in a research note released on Friday,Benzinga reports. They currently have a hold rating on the stock.

A number of other analysts have also weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wedbush assumed coverage on Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Friday. Guggenheim upped 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. Finally, Scotiabank lifted their price target on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Dynatrace Trading Down 2.6 %

Shares of DT stock traded down $1.43 during mid-day trading on Friday, reaching $52.89. The stock had a trading volume of 5,098,765 shares, compared to its average volume of 2,129,751. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 101.71, a PEG ratio of 8.30 and a beta of 1.06. The business’s fifty day moving average is $52.90 and its 200-day moving average is $48.38.

Dynatrace (NYSE:DT) last issued its quarterly 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 prior year, the company earned $0.16 EPS. Dynatrace’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts forecast that Dynatrace will post 0.71 earnings per share for the current year.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dynatrace 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 value of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $275,000.00. Following the sale, the director now directly 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. In the last three months, insiders have sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

A number of hedge funds have recently bought and sold shares of DT. Eminence Capital LP acquired a new position in shares of Dynatrace during the 2nd quarter worth approximately $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. boosted its stake 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 during the last quarter. Vanguard Group Inc. grew its holdings in Dynatrace by 6.4% in 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 in 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.