Dynatrace (NYSE:DT) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Dynatrace (NYSE:DT) in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a $65.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Rosenblatt Securities raised their price target on shares of Dynatrace from $54.00 to $58.00 and gave the stock a buy rating in a report on Tuesday, August 1st. Barclays reduced their price target on shares of Dynatrace from $55.00 to $52.00 and set an equal weight rating for the company in a report on Thursday, August 3rd. BTIG Research lifted their price objective on shares of Dynatrace from $57.00 to $65.00 and gave the company a buy rating in a report on Tuesday, August 1st. Citigroup reduced their price objective on shares of Dynatrace from $58.00 to $55.00 and set a buy rating for the company in a report on Tuesday, August 29th. Finally, JMP Securities lifted their price objective on shares of Dynatrace from $50.00 to $56.00 and gave the company a market outperform rating in a report on Wednesday, July 26th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Dynatrace currently has a consensus rating of Moderate Buy and a consensus target price of $53.61.

Dynatrace Stock Performance

DT stock opened at $46.92 on Monday. The company has a fifty day moving average price of $49.43 and a 200-day moving average price of $46.88. The company has a market capitalization of $13.76 billion, a P/E ratio of 95.74, a PEG ratio of 7.93 and a beta of 1.09. Dynatrace has a 52-week low of $31.54 and a 52-week high of $55.87.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. Dynatrace had a net margin of 11.77% and a return on equity of 11.81%. The business had revenue of $332.89 million during the quarter, compared to the consensus estimate of $326.89 million. As a group, sell-side analysts forecast that Dynatrace will post 0.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 14,053 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $47.10, for a total value of $661,896.30. Following the completion of the sale, the chief executive officer now owns 578,952 shares of the company’s stock, valued at approximately $27,268,639.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Alicia Allen sold 1,500 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $54.96, for a total value of $82,440.00. Following the sale, the chief accounting officer now directly owns 92,680 shares of the company’s stock, valued at approximately $5,093,692.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 14,053 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $47.10, for a total transaction of $661,896.30. Following the completion of the sale, the chief executive officer now directly owns 578,952 shares in the company, valued at $27,268,639.20. The disclosure for this sale can be found here. Insiders sold a total of 37,393 shares of company stock valued at $1,750,385 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Institutional investors have recently bought and sold shares of the company. Smithfield Trust Co grew its position in Dynatrace by 431.8% during the 2nd quarter. Smithfield Trust Co now owns 585 shares of the company’s stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Quarry LP purchased a new stake in shares of Dynatrace during the 1st quarter valued at about $26,000. Advisory Services Network LLC boosted its holdings in shares of Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares during the last quarter. CENTRAL TRUST Co purchased a new stake in shares of Dynatrace during the 2nd quarter valued at about $42,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Dynatrace by 93.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 874 shares of the company’s stock valued at $37,000 after acquiring an additional 423 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Company Profile

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.