Dynatrace, Inc. (NYSE:DT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Dynatrace, Inc. (NYSE:DT) has been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $60.61.

Several research firms have weighed in on DT. BMO Capital Markets lowered their price target on Dynatrace from $54.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 19th. Loop Capital cut their price target on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Wedbush restated a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research report on Thursday, May 16th. Guggenheim dropped their price objective on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Finally, Piper Sandler assumed coverage on Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 target price on the stock.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the transaction, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the transaction, the executive vice president now owns 237,772 shares in the company, valued at approximately $10,514,277.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the transaction, the chief executive officer now owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,274 shares of company stock worth $3,883,271. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its holdings in Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares during the period. Versant Capital Management Inc grew its stake 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 worth $26,000 after buying an additional 572 shares during the last quarter. DSM Capital Partners LLC bought a new position in Dynatrace during the 4th quarter valued at approximately $28,000. Rise Advisors LLC purchased a new position in Dynatrace during the first quarter valued at $30,000. Finally, NewSquare Capital LLC bought a new stake in Dynatrace in the fourth quarter worth $32,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $41.29 on Tuesday. The firm has a market cap of $12.31 billion, a PE ratio of 79.40, a P/E/G ratio of 6.40 and a beta of 1.04. Dynatrace has a 1 year low of $40.52 and a 1 year high of $61.41. The stock has a fifty day moving average price of $44.67 and a 200-day moving average price of $47.75.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $380.85 million for 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%. As a group, equities analysts anticipate that Dynatrace will post 0.71 EPS 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.