Dynatrace (NYSE:DT) Now Covered by BNP Paribas

BNP Paribas assumed coverage on shares of Dynatrace (NYSE:DT) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $52.00 price target on the stock.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company lowered their price objective on shares of Dynatrace from $60.00 to $50.00 and set an overweight rating on the stock in a research report on Tuesday, August 6th. Guggenheim lifted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the company a buy rating in a research note on Friday, September 27th. Scotiabank raised their price objective on Dynatrace from $52.00 to $55.00 and gave the company a sector outperform rating in a research note on Thursday, August 8th. Wedbush restated a neutral rating and issued a $55.00 price target on shares of Dynatrace in a research report on Thursday, August 8th. Finally, Needham & Company LLC restated a hold rating on shares of Dynatrace in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $60.04.

Dynatrace Price Performance

Shares of NYSE DT opened at $55.13 on Tuesday. The firm has a market capitalization of $16.42 billion, a PE ratio of 106.02, a P/E/G ratio of 7.93 and a beta of 1.06. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41. The business’s fifty day moving average price is $50.22 and its two-hundred day moving average price is $47.17.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same period in the previous year, the business posted $0.16 EPS. Dynatrace’s revenue was up 19.9% on a year-over-year basis. Equities research analysts expect that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated 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 directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction 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 $10,514,277.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 76,426 shares of company stock worth $3,804,069. 0.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynatrace

A number of hedge funds have recently added to or reduced their stakes in DT. Geneos Wealth Management Inc. increased its stake in shares of Dynatrace by 76.7% in the 1st 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 boosted its holdings 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 purchasing an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Dynatrace in the 2nd quarter worth approximately $26,000. Rise Advisors LLC purchased a new stake in shares of Dynatrace in the 1st quarter valued at $30,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Dynatrace in the second quarter worth about $32,000. 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.