Dynatrace (NYSE:DT) Price Target Raised to $63.00

Dynatrace (NYSE:DT) had its price target boosted by BTIG Research from $57.00 to $63.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on DT. Loop Capital cut their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Wedbush assumed coverage on Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Wells Fargo & Company decreased their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Scotiabank increased their price target on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Finally, BNP Paribas started coverage on shares of Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.46.

Dynatrace Stock Down 0.1 %

Dynatrace stock opened at $54.07 on Wednesday. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 103.98, a P/E/G ratio of 7.93 and a beta of 1.06. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.41. The business’s 50-day simple moving average is $51.93 and its 200 day simple moving average is $47.74.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The company had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. During the same quarter in the previous year, the company earned $0.16 EPS. Dynatrace’s revenue was up 19.9% on a year-over-year basis. As a group, sell-side analysts expect that Dynatrace will post 0.71 EPS for the current year.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,022 shares of company stock valued at $3,397,904. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DT. Vanguard Group Inc. grew its holdings in Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Dynatrace by 8.7% during the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock worth $338,053,000 after acquiring an additional 583,220 shares during the last quarter. American Century Companies Inc. raised its stake in Dynatrace by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after acquiring an additional 782,588 shares during the period. RGM Capital LLC lifted its holdings in Dynatrace by 6.2% during the 2nd quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after purchasing an additional 225,000 shares during the last quarter. Finally, Eminence Capital LP bought a new position in Dynatrace during the second quarter worth $158,369,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

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.