Brokerages Set Dynatrace, Inc. (NYSE:DT) Target Price at $62.72

Shares of Dynatrace, Inc. (NYSE:DT) have been given an average recommendation of “Moderate Buy” by the twenty-four brokerages that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has issued a strong 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 $62.72.

Several research analysts have commented on DT shares. Bank of America boosted their price target on shares of Dynatrace from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. Royal Bank Of Canada boosted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Barclays boosted their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, May 15th. Finally, Guggenheim upped their target price on shares of Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, August 7th.

Dynatrace Stock Performance

Dynatrace stock opened at $50.65 on Wednesday. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 4.39 and a beta of 0.91. The company’s 50 day simple moving average is $51.29 and its 200-day simple moving average is $50.80. Dynatrace has a 1 year low of $39.30 and a 1 year high of $63.00.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $477.35 million during the quarter, compared to analysts’ expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Equities analysts expect that Dynatrace will post 0.68 earnings per share for the current year.

Insider Buying and Selling at Dynatrace

In related news, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the sale, the chief accounting officer owned 22,555 shares of the company’s stock, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,099 shares of company stock valued at $154,429. Company insiders own 0.57% of the company’s stock.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the business. MAI Capital Management raised its position in Dynatrace by 122.4% in the 2nd quarter. MAI Capital Management now owns 547 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the last quarter. VSM Wealth Advisory LLC purchased a new stake in Dynatrace in the 2nd quarter valued at $34,000. Eastern Bank purchased a new position in Dynatrace during the 2nd quarter worth $35,000. CX Institutional purchased a new position in Dynatrace during the 1st quarter worth $40,000. Finally, Brooklyn Investment Group raised its position in Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Dynatrace

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.