Piper Sandler Initiates Coverage on Dynatrace (NYSE:DT)

Equities research analysts at Piper Sandler began coverage on shares of Dynatrace (NYSE:DT) in a report released on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $50.00 price target on the stock. Piper Sandler’s price target points to a potential upside of 11.66% from the stock’s previous close.

Several other research firms have also recently issued reports on DT. Loop Capital cut their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday. Wolfe Research initiated coverage on Dynatrace in a research report on Monday, March 18th. They issued an “outperform” rating and a $60.00 price objective for the company. Wedbush reiterated a “neutral” rating and issued a $55.00 price objective on shares of Dynatrace in a research report on Thursday, May 16th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, June 18th. Finally, Barclays dropped their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 20th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.96.

Dynatrace Price Performance

Shares of NYSE DT opened at $44.78 on Thursday. The stock has a fifty day moving average price of $46.07 and a 200 day moving average price of $49.64. Dynatrace has a 1-year low of $42.94 and a 1-year high of $61.41. The company has a market cap of $13.31 billion, a PE ratio of 86.12, a P/E/G ratio of 6.61 and a beta of 1.05.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $380.85 million during the quarter, compared to analysts’ expectations of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. Analysts anticipate that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the sale, the executive vice president now owns 253,176 shares of the company’s stock, valued at approximately $11,828,382.72. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Institutional Trading of Dynatrace

Institutional investors have recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in Dynatrace in the 4th quarter worth approximately $25,000. DSM Capital Partners LLC purchased a new position in Dynatrace in the 4th quarter worth approximately $28,000. Geneos Wealth Management Inc. boosted its holdings in 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 acquiring an additional 230 shares during the period. NewSquare Capital LLC purchased a new position in Dynatrace in the 4th quarter worth approximately $32,000. Finally, Rise Advisors LLC purchased a new position in Dynatrace in the 1st quarter worth approximately $30,000. 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.