Dynatrace (NYSE:DT – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.
DT has been the topic of a number of other research reports. Wedbush restated an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Citigroup dropped their target price on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Oppenheimer began coverage on shares of Dynatrace in a report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 target price on the stock. Guggenheim boosted their target price on shares of Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, BMO Capital Markets dropped their target price on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.72.
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Dynatrace Trading Up 0.1%
Shares of Dynatrace stock opened at $49.12 on Friday. The company’s fifty day simple moving average is $50.85 and its two-hundred day simple moving average is $50.54. The company has a market cap of $14.81 billion, a P/E ratio of 30.14, a PEG ratio of 4.31 and a beta of 0.91. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00.
Dynatrace (NYSE:DT – Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. Analysts predict that Dynatrace will post 0.68 EPS for the current fiscal year.
Insider Activity
In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the transaction, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. This represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the transaction, the director owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock worth $154,429 in the last 90 days. Company insiders own 0.57% of the company’s stock.
Institutional Investors Weigh In On Dynatrace
Hedge funds and other institutional investors have recently made changes to their positions in the business. MAI Capital Management increased its position in shares of Dynatrace by 122.4% during the 2nd quarter. MAI Capital Management now owns 547 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Dynatrace during the 2nd quarter valued at about $34,000. Eastern Bank purchased a new stake in shares of Dynatrace during the 2nd quarter valued at about $35,000. CX Institutional purchased a new stake in shares of Dynatrace during the 1st quarter valued at about $40,000. Finally, Brooklyn Investment Group increased its position in shares of Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock valued at $43,000 after purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Dynatrace Company Profile
(Get Free Report)
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.
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