Dynatrace (NYSE:DT) Earns “Neutral” Rating from Wedbush

Wedbush reissued their neutral rating on shares of Dynatrace (NYSE:DT) in a research report report published on Thursday morning, Benzinga reports. The firm currently has a $55.00 target price on the stock.

A number of other equities research analysts also recently weighed in on DT. Wells Fargo & Company reduced their target price on Dynatrace from $60.00 to $50.00 and set an overweight rating on the stock in a report on Tuesday. Loop Capital reduced their price objective on Dynatrace from $50.00 to $45.00 and set a hold rating on the stock in a research note on Wednesday, June 26th. Piper Sandler initiated coverage on Dynatrace in a research note on Thursday, June 27th. They set a neutral rating and a $50.00 target price for the company. Needham & Company LLC restated a hold rating on shares of Dynatrace in a research note on Tuesday. Finally, Robert W. Baird decreased their price target on shares of Dynatrace from $65.00 to $62.00 and set an outperform rating on the stock in a report on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $59.70.

Dynatrace Stock Performance

Shares of NYSE DT traded up $0.41 during mid-day trading on Thursday, reaching $47.71. The company had a trading volume of 3,080,635 shares, compared to its average volume of 3,605,167. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 90.94, a PEG ratio of 6.40 and a beta of 1.04. The business’s 50-day simple moving average is $44.48 and its 200 day simple moving average is $47.45. Dynatrace has a one year low of $39.42 and a one year high of $61.41.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, May 15th. The company reported $0.11 EPS 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 firm had revenue of $380.85 million during the quarter, compared to the consensus estimate of $375.20 million. On average, sell-side analysts anticipate that Dynatrace will post 0.71 EPS for the current year.

Insiders Place Their Bets

In related 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 value of $681,164.88. Following the transaction, the executive vice president now owns 237,772 shares in the company, valued at $10,514,277.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Dan Zugelder sold 15,404 shares of the firm’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 completion of the sale, the executive vice president now owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The transaction 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 business’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 directly owns 732,491 shares in the company, valued at $33,994,907.31. The disclosure for this sale can be found here. In the last 90 days, insiders 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in Dynatrace in the fourth quarter worth approximately $2,847,000. New York State Teachers Retirement System lifted its holdings in shares of Dynatrace by 0.3% in the 4th quarter. New York State Teachers Retirement System now owns 172,274 shares of the company’s stock worth $9,422,000 after purchasing an additional 559 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Dynatrace by 59.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 83,572 shares of the company’s stock valued at $4,636,000 after purchasing an additional 31,268 shares during the period. Nisa Investment Advisors LLC grew its position in Dynatrace by 222.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,935 shares of the company’s stock valued at $215,000 after purchasing an additional 2,715 shares during the period. Finally, RFG Advisory LLC increased its stake in Dynatrace by 18.1% during the 4th quarter. RFG Advisory LLC now owns 9,234 shares of the company’s stock valued at $505,000 after purchasing an additional 1,414 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

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.