Dynatrace, Inc. (NYSE:DT) Receives $61.25 Consensus PT from Analysts

Shares of Dynatrace, Inc. (NYSE:DT) have been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $61.04.

A number of research firms have weighed in on DT. Citigroup increased their target price on shares of Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Dynatrace in a report on Friday, February 9th. Morgan Stanley began coverage on Dynatrace in a report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price target for the company. Scotiabank lifted their price objective on Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 5th. Finally, Capital One Financial initiated coverage on Dynatrace in a research report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price on the stock.

Dynatrace Trading Down 0.6 %

Shares of Dynatrace stock opened at $45.46 on Wednesday. The company has a 50 day moving average of $51.05 and a 200-day moving average of $50.95. The company has a market cap of $13.38 billion, a PE ratio of 69.30, a price-to-earnings-growth ratio of 4.72 and a beta of 1.07. Dynatrace has a 1-year low of $40.27 and a 1-year high of $61.41.

Dynatrace (NYSE:DT) last released its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. Research analysts forecast that Dynatrace will post 0.62 earnings per share for the current year.

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Dynatrace news, SVP Dan Zugelder sold 6,596 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total transaction of $371,025.00. Following the sale, the senior vice president now owns 96,020 shares of the company’s stock, valued at approximately $5,401,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Insiders have sold a total of 14,285,187 shares of company stock valued at $751,264,421 over the last 90 days. Insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently made changes to their positions in DT. Contravisory Investment Management Inc. purchased a new position in Dynatrace during the 4th quarter valued at about $25,000. DSM Capital Partners LLC purchased a new position in Dynatrace during the fourth quarter valued at approximately $28,000. NewSquare Capital LLC bought a new stake in Dynatrace during the 4th quarter worth approximately $32,000. Quarry LP purchased a new stake in Dynatrace in the 1st quarter worth approximately $26,000. Finally, Advisory Services Network LLC boosted its holdings in Dynatrace by 50.9% in the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares during the period. 94.28% of the stock is currently owned by institutional investors.

About Dynatrace

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.