Dynatrace (NYSE:DT) PT Raised to $63.00

Dynatrace (NYSE:DT) had its target price hoisted by equities research analysts at BTIG Research from $57.00 to $63.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target would suggest a potential upside of 18.60% from the company’s current price.

Several other research firms also recently commented on DT. Scotiabank lifted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. Piper Sandler initiated coverage on shares of Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 target price on the stock. Wedbush initiated coverage on shares of Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price on the stock. Guggenheim lifted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, BNP Paribas began coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.46.

Dynatrace Stock Performance

NYSE:DT traded down $0.44 during mid-day trading on Wednesday, reaching $53.12. 649,847 shares of the company’s stock were exchanged, compared to its average volume of 3,362,962. Dynatrace has a one year low of $39.42 and a one year high of $61.41. The firm has a market capitalization of $15.84 billion, a PE ratio of 102.12, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06. The business’s fifty day simple moving average is $51.72 and its two-hundred day simple moving average is $47.66.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The business had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same period last year, the firm earned $0.16 earnings per share. Dynatrace’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, equities research analysts forecast that Dynatrace will post 0.71 EPS for the current year.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,022 shares of company stock valued at $3,397,904. 0.54% of the stock is owned by insiders.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. Janus Henderson Group PLC boosted its holdings in Dynatrace by 8.7% in the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after acquiring an additional 583,220 shares in the last quarter. American Century Companies Inc. boosted its holdings in Dynatrace by 13.2% in the second 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 in the last quarter. RGM Capital LLC boosted its holdings in Dynatrace by 6.2% in the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after acquiring an additional 225,000 shares in the last quarter. Finally, Eminence Capital LP bought a new stake in Dynatrace in the second quarter valued at $158,369,000. Hedge funds and other 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.