Dynatrace (NYSE:DT) Trading 4.8% Higher


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Dynatrace, Inc. (NYSE:DT) shares traded up 4.8% on Thursday . The company traded as high as $52.23 and last traded at $52.23. 2,033 shares were traded during trading, a decline of 100% from the average session volume of 2,494,841 shares. The stock had previously closed at $49.85.

A number of equities research analysts have recently weighed in on the stock. JMP Securities boosted their price objective on shares of Dynatrace from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Zacks Investment Research lowered shares of Dynatrace from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets boosted their price objective on shares of Dynatrace from $48.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Loop Capital boosted their price objective on shares of Dynatrace from $40.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 4th. They noted that the move was a valuation call. Finally, Raymond James upped their price target on shares of Dynatrace from $45.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.29.

The business’s 50-day simple moving average is $50.64 and its two-hundred day simple moving average is $44.00. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 178.04, a P/E/G ratio of 3.83 and a beta of 1.52. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Tuesday, February 2nd. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. Dynatrace had a net margin of 12.75% and a return on equity of 10.69%. The firm had revenue of $182.90 million for the quarter, compared to analyst estimates of $172.36 million. During the same period last year, the company posted $0.10 EPS. Dynatrace’s quarterly revenue was up 27.6% compared to the same quarter last year. On average, analysts expect that Dynatrace, Inc. will post 0.36 earnings per share for the current year.

In other Dynatrace news, Director Paul Andrew Zuber sold 7,400 shares of the business’s stock in a transaction on Tuesday, January 19th. The stock was sold at an average price of $43.71, for a total transaction of $323,454.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $218,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin C. Burns sold 901 shares of the business’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $53.53, for a total value of $48,230.53. Following the transaction, the chief financial officer now directly owns 84,832 shares in the company, valued at approximately $4,541,056.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 240,900 shares of company stock worth $11,789,422. Company insiders own 1.50% of the company’s stock.

Large investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Dynatrace by 4.2% in the 4th quarter. BlackRock Inc. now owns 11,328,297 shares of the company’s stock valued at $490,174,000 after buying an additional 458,159 shares during the period. Jennison Associates LLC raised its holdings in shares of Dynatrace by 26.3% in the 4th quarter. Jennison Associates LLC now owns 9,010,629 shares of the company’s stock valued at $389,890,000 after buying an additional 1,878,678 shares during the period. Brown Advisory Inc. increased its holdings in Dynatrace by 36.9% during the 4th quarter. Brown Advisory Inc. now owns 8,890,906 shares of the company’s stock worth $384,709,000 after purchasing an additional 2,396,323 shares during the period. Janus Henderson Group PLC increased its holdings in Dynatrace by 19.9% during the 4th quarter. Janus Henderson Group PLC now owns 7,026,165 shares of the company’s stock worth $304,022,000 after purchasing an additional 1,167,785 shares during the period. Finally, SRS Investment Management LLC increased its holdings in Dynatrace by 57.5% during the 4th quarter. SRS Investment Management LLC now owns 6,262,667 shares of the company’s stock worth $270,986,000 after purchasing an additional 2,286,128 shares during the period. Institutional investors own 94.17% of the company’s stock.

About Dynatrace (NYSE:DT)

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It operates Dynatrace, a platform for running and optimizing multi-cloud environments. Its products include AppMon that works in various application environments, such as mobile apps, web apps, web browsers, web servers, Java, .NET, Node.js, PHP, databases, middleware, and mainframe; and Classic Real User Monitoring, which tracks user's experience from an edge devices comprising smart phones, tablets, PCs, or kiosk through cloud services, as well as customer's web tiers.

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