Dynatrace, Inc. (DT) – What Are Researchers Saying About This Stock?

Shares of Dynatrace, Inc. (NYSE:DT – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the thirty-two research firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $62.00.

DT has been the subject of several research analyst reports. Rosenblatt Securities lowered their price target on shares of Dynatrace from $70.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, November 4th. Zacks Research downgraded Dynatrace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. UBS Group cut their price objective on Dynatrace from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. BNP Paribas Exane upgraded Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research report on Thursday, October 8th. Finally, DA Davidson upped their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th.

Check Out Our Latest Analysis on Dynatrace

Dynatrace Price Performance

DT stock opened at $43.42 on Monday. The company has a 50 day simple moving average of $57.24 and a 200 day simple moving average of $44.70. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of 80.40, a P/E/G ratio of 2.96 and a beta of 0.76. Dynatrace has a 1 year low of $31.64 and a 1 year high of $66.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.09 and a quick ratio of 2.09.

Dynatrace (NYSE:DT – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. Dynatrace had a net margin of 7.42% and a return on equity of 12.73%. The business had revenue of $579.92 million during the quarter, compared to the consensus estimate of $568.03 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The firm’s revenue was up 17.4% compared to the same quarter last year. Research analysts anticipate that Dynatrace will post 1.11 EPS for the current fiscal year.

Dynatrace announced that its Board of Directors has approved a share buyback plan on Tuesday, November 3rd that permits the company to buy back $1 billion in shares. This buyback authorization permits the company to purchase up to 6.3% of its shares through open market purchases. Share buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the sale, the executive vice president directly owned 904,846 shares in the company, valued at approximately $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC boosted its holdings in Dynatrace by 2.9% in the third quarter. Apollon Wealth Management LLC now owns 6,277 shares of the company’s stock valued at $362,000 after acquiring an additional 174 shares during the last quarter. Cooper Financial Group increased its position in Dynatrace by 1.4% during the 3rd quarter. Cooper Financial Group now owns 13,354 shares of the company’s stock valued at $771,000 after purchasing an additional 179 shares during the period. North Dakota State Investment Board raised its holdings in Dynatrace by 2.9% during the 3rd quarter. North Dakota State Investment Board now owns 8,985 shares of the company’s stock worth $519,000 after purchasing an additional 252 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in Dynatrace by 37.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 929 shares of the company’s stock worth $54,000 after purchasing an additional 255 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Dynatrace by 2.8% during the 3rd quarter. Versant Capital Management Inc now owns 11,694 shares of the company’s stock worth $675,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace News Roundup

Here are the key news stories impacting Dynatrace this week:

About Dynatrace

(Get Free Report)

Dynatrace, Inc provides a software intelligence platform for monitoring and managing complex digital environments. Its platform helps organizations observe applications, infrastructure, cloud services and user experiences, and analyze performance and operational data.

The company’s offerings include application and infrastructure monitoring, log management, digital experience monitoring, application security and business analytics. Dynatrace also incorporates artificial intelligence and automation to help identify the causes of problems and support responses to them.

Founded in 2005, Dynatrace serves organizations around the world across industries.

See Also

Analyst Recommendations for Dynatrace (NYSE:DT)

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