Dynatrace, Inc. (NYSE:DT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

by · The Markets Daily

Shares of Dynatrace, Inc. (NYSE:DT – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $62.9565.

Several research firms have recently issued reports on DT. Guggenheim boosted their target price on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their target price on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Dynatrace in a research report on Wednesday, October 8th. Oppenheimer assumed coverage on Dynatrace in a research report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price target on the stock. Finally, Wall Street Zen lowered Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd.

View Our Latest Stock Analysis on DT

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 7,503 shares of Dynatrace stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $50.00, for a total transaction of $375,150.00. Following the sale, the executive vice president directly owned 1,420 shares in the company, valued at $71,000. The trade was a 84.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the sale, the director owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,602 shares of company stock worth $529,579 over the last ninety days. 0.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

Hedge funds have recently made changes to their positions in the company. Stephens Inc. AR boosted its holdings in Dynatrace by 37.9% in the third quarter. Stephens Inc. AR now owns 5,687 shares of the company’s stock worth $276,000 after acquiring an additional 1,564 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Dynatrace by 28.8% in the third quarter. Concurrent Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $388,000 after acquiring an additional 1,790 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Dynatrace by 7.5% in the third quarter. Nordea Investment Management AB now owns 24,503 shares of the company’s stock worth $1,180,000 after acquiring an additional 1,718 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Dynatrace by 8.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,146 shares of the company’s stock worth $588,000 after acquiring an additional 971 shares in the last quarter. Finally, First Horizon Corp bought a new stake in Dynatrace in the third quarter worth $39,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Performance

DT opened at $50.49 on Thursday. Dynatrace has a 52-week low of $39.30 and a 52-week high of $63.00. The stock has a market capitalization of $15.22 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 4.44 and a beta of 0.88. The stock’s 50 day moving average price is $49.10 and its 200-day moving average price is $50.51.

Dynatrace (NYSE:DT – Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm had revenue of $477.35 million for the quarter, compared to analysts’ expectations of $467.39 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. Research analysts forecast that Dynatrace will post 0.68 EPS for the current fiscal year.

Dynatrace Company Profile

(Get Free Report)

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.

Further Reading