Brokerages Set Dynatrace, Inc. (NYSE:DT) PT at $59.70

Dynatrace, Inc. (NYSE:DT) has earned an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $59.70.

Several brokerages have commented on DT. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. BMO Capital Markets raised their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Scotiabank upped their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Wedbush reiterated a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a report on Thursday, August 8th. Finally, Piper Sandler initiated coverage on Dynatrace in a report on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price target on the stock.

Insider Transactions 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 transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The disclosure for this sale can be found here. Insiders have sold 76,426 shares of company stock worth $3,804,069 in the last ninety days. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its position in shares of Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares during the last quarter. Versant Capital Management Inc grew its holdings in 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 buying an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Dynatrace during the 2nd quarter worth $26,000. DSM Capital Partners LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth $28,000. Finally, Rise Advisors LLC bought a new stake in shares of Dynatrace in the first quarter valued at about $30,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Down 1.6 %

DT opened at $51.34 on Wednesday. The stock has a market cap of $15.31 billion, a P/E ratio of 98.73, a P/E/G ratio of 7.63 and a beta of 1.05. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a fifty day simple moving average of $47.64 and a 200 day simple moving average of $46.54.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. On average, equities research analysts expect that Dynatrace will post 0.71 earnings per share for the current fiscal year.

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.