Dynatrace (NYSE:DT) Receives “Buy” Rating from Rosenblatt Securities

Dynatrace (NYSE:DT)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $67.00 price objective on the stock. Rosenblatt Securities’ target price points to a potential upside of 41.35% from the stock’s current price.

Several other brokerages have also recently issued reports on DT. Citigroup reduced their price target on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Royal Bank Of Canada boosted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Guggenheim boosted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Oppenheimer started coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They set an “outperform” rating and a $65.00 target price for the company. Finally, BMO Capital Markets dropped their price target on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.09.

Dynatrace Trading Down 4.5%

DT stock opened at $47.40 on Thursday. The firm’s 50-day moving average price is $49.15 and its two-hundred day moving average price is $50.81. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 4.38 and a beta of 0.85.

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

Insider Activity

In other news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dan Zugelder sold 7,503 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $50.00, for a total transaction of $375,150.00. Following the sale, the executive vice president owned 1,420 shares in the company, valued at approximately $71,000. The trade was a 84.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,602 shares of company stock worth $529,579 over the last 90 days. 0.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DT. Teacher Retirement System of Texas bought a new position in Dynatrace during the first quarter valued at approximately $2,175,000. Concurrent Investment Advisors LLC bought a new position in Dynatrace during the first quarter valued at approximately $289,000. Bridges Investment Management Inc. lifted its position in Dynatrace by 82.4% during the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock valued at $1,173,000 after purchasing an additional 11,234 shares during the period. State of Michigan Retirement System lifted its position in Dynatrace by 1.3% during the first quarter. State of Michigan Retirement System now owns 71,600 shares of the company’s stock valued at $3,376,000 after purchasing an additional 900 shares during the period. Finally, Xponance Inc. lifted its position in Dynatrace by 4.3% during the first quarter. Xponance Inc. now owns 80,582 shares of the company’s stock valued at $3,799,000 after purchasing an additional 3,295 shares during the period. 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.