Dynatrace, Inc. (NYSE:DT – Get Free Report) 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.
Get Our Latest Research Report on Dynatrace
Insider Transactions at Dynatrace
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 – Get Free Report) 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.
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