Dynatrace (NYSE:DT) Price Target Raised to $64.00 at Guggenheim

Dynatrace (NYSE:DT) had its target price hoisted by Guggenheim from $55.00 to $64.00 in a report issued on Friday morning, Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other research firms have also recently weighed in on DT. Wedbush reissued a neutral rating and issued a $55.00 price target on shares of Dynatrace in a research note on Thursday, August 8th. Wells Fargo & Company lowered 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. Scotiabank lifted their target price on Dynatrace from $52.00 to $55.00 and gave the company a sector outperform rating in a research report on Thursday, August 8th. Piper Sandler assumed coverage on Dynatrace in a report on Thursday, June 27th. They set a neutral rating and a $50.00 price target for the company. Finally, Needham & Company LLC reissued a hold rating on shares of Dynatrace in a research report on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $60.09.

Dynatrace Stock Performance

NYSE DT opened at $53.47 on Friday. The stock’s fifty day moving average is $48.70 and its two-hundred day moving average is $46.78. The firm has a market capitalization of $15.95 billion, a P/E ratio of 102.83, a price-to-earnings-growth ratio of 7.83 and a beta of 1.05. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week 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 for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $392.22 million. During the same quarter in the previous year, the company posted $0.16 EPS. The company’s revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Dynatrace will post 0.71 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction that occurred 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 directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,426 shares of company stock valued at $3,804,069. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 Dynatrace in the 2nd quarter valued at $26,000. Rise Advisors LLC acquired a new position in Dynatrace in the 1st quarter valued at $30,000. Finally, V Square Quantitative Management LLC purchased a new position in Dynatrace during the 2nd quarter worth $32,000. 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. 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.