Dynatrace (NYSE:DT) Coverage Initiated by Analysts at BNP Paribas

BNP Paribas began coverage on shares of Dynatrace (NYSE:DT) in a report published on Tuesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $52.00 price target on the stock.

A number of other brokerages also recently commented on DT. Barclays raised Dynatrace from an equal weight rating to an overweight rating and lifted their price objective for the company from $52.00 to $64.00 in a research report on Monday. Scotiabank raised their price target on shares of Dynatrace from $52.00 to $55.00 and gave the company a sector outperform rating in a report on Thursday, August 8th. Needham & Company LLC reissued a hold rating on shares of Dynatrace in a research report on Tuesday, August 6th. Piper Sandler initiated coverage on shares of Dynatrace in a report on Thursday, June 27th. They set a neutral rating and a $50.00 target price on the stock. Finally, Loop Capital lowered their price target on Dynatrace from $50.00 to $45.00 and set a hold rating for the company in a report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Dynatrace currently has a consensus rating of Moderate Buy and an average price target of $60.25.

Dynatrace Trading Down 0.3 %

Dynatrace stock opened at $53.26 on Tuesday. The stock has a market cap of $15.88 billion, a PE ratio of 102.42, a P/E/G ratio of 7.83 and a beta of 1.06. The stock has a 50-day moving average price of $49.60 and a 200 day moving average price of $47.02. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The business had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. On average, equities analysts predict that Dynatrace will post 0.71 EPS for the current year.

Insider Buying and Selling at Dynatrace

In related 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 value of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred 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 approximately $33,505,230.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,426 shares of company stock worth $3,804,069. 0.54% of the stock is owned by company insiders.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently modified their holdings of DT. Geneos Wealth Management Inc. lifted its position in shares of 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 boosted its position in shares of Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $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 worth about $26,000. Rise Advisors LLC acquired a new stake in Dynatrace during the 1st quarter worth about $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in Dynatrace during the second quarter valued at about $32,000. Institutional investors 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.