Dynatrace (NYSE:DT) Receives “Buy” Rating from Guggenheim

Guggenheim restated their buy rating on shares of Dynatrace (NYSE:DT) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $60.00 target price on the stock.

A number of other research firms have also recently commented on DT. Wolfe Research started coverage on Dynatrace in a research note on Monday, March 18th. They issued an outperform rating and a $60.00 target price on the stock. Truist Financial restated a buy rating and issued a $60.00 price objective (down from $70.00) on shares of Dynatrace in a report on Thursday, May 16th. TD Cowen lowered their price objective on shares of Dynatrace from $62.00 to $58.00 and set a buy rating for the company in a report on Friday, April 19th. Needham & Company LLC restated a hold rating on shares of Dynatrace in a report on Tuesday, June 18th. Finally, Royal Bank of Canada decreased their target price on shares of Dynatrace from $66.00 to $60.00 and set an outperform rating for the company in a research note on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $60.96.

Dynatrace Price Performance

Shares of DT stock opened at $44.02 on Tuesday. The firm has a 50-day moving average of $46.13 and a 200-day moving average of $49.75. The company has a market cap of $13.09 billion, a P/E ratio of 84.39, a P/E/G ratio of 6.56 and a beta of 1.05. Dynatrace has a one year low of $42.94 and a one year high of $61.41.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The company had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. As a group, research analysts expect that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the transaction, the chief executive officer now owns 732,491 shares in the company, valued at approximately $33,994,907.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the transaction, the chief executive officer now owns 732,491 shares in the company, valued at approximately $33,994,907.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the transaction, the executive vice president now owns 253,176 shares in the company, valued at approximately $11,828,382.72. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in Dynatrace in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. increased its holdings in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after buying an additional 230 shares during the last quarter. DSM Capital Partners LLC bought a new position in Dynatrace during the 4th quarter valued at about $28,000. Rise Advisors LLC purchased a new stake in Dynatrace in the 1st quarter valued at about $30,000. Finally, NewSquare Capital LLC purchased a new stake in shares of Dynatrace in the 4th quarter worth approximately $32,000. Hedge funds and other 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.