Dynatrace (NYSE:DT) Given Neutral Rating at Wedbush

Wedbush reiterated their neutral rating on shares of Dynatrace (NYSE:DT) in a report published on Thursday, Benzinga reports. They currently have a $55.00 target price on the stock.

Several other analysts also recently issued reports on the company. Bank of America decreased their price target on Dynatrace from $70.00 to $68.00 and set a buy rating for the company in a research note on Thursday, May 16th. Robert W. Baird decreased their price target on Dynatrace from $65.00 to $62.00 and set an outperform rating for the company in a research note on Thursday, May 16th. Guggenheim decreased their price target on Dynatrace from $60.00 to $55.00 and set a buy rating for the company in a research note on Tuesday, July 16th. BMO Capital Markets decreased their price target on Dynatrace from $54.00 to $49.00 and set an outperform rating for the company in a research note on Friday, July 19th. Finally, TD Cowen decreased their price target on Dynatrace from $62.00 to $58.00 and set a buy rating for the company in a research note on Friday, April 19th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $59.70.

Dynatrace Stock Performance

NYSE:DT traded up $0.01 during trading hours on Thursday, hitting $47.72. 1,288,958 shares of the company’s stock traded hands, compared to its average volume of 3,590,126. The firm has a market cap of $14.23 billion, a P/E ratio of 91.19, a P/E/G ratio of 6.40 and a beta of 1.04. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The stock’s fifty day moving average price is $44.52 and its two-hundred day moving average price is $47.22.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. The firm had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same period in the previous year, the firm earned $0.16 earnings per share. Dynatrace’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities research analysts predict that Dynatrace will post 0.71 earnings per share for the current year.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,274 shares of company stock valued at $3,883,271. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently bought and sold shares of DT. Geneos Wealth Management Inc. increased its holdings in Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares in the last quarter. Versant Capital Management Inc boosted its position in Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Dynatrace in the 2nd quarter valued at $26,000. DSM Capital Partners LLC bought a new position in Dynatrace in the 4th quarter valued at $28,000. Finally, Rise Advisors LLC bought a new position in Dynatrace in the 1st quarter valued at $30,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.