Dynatrace (NYSE:DT) Releases Q2 Earnings Guidance

Dynatrace (NYSE:DT) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.32-0.33 for the period, compared to the consensus EPS estimate of $0.32. The company issued revenue guidance of $404-407 million, compared to the consensus revenue estimate of $405.16 million. Dynatrace also updated its FY25 guidance to $1.26-1.29 EPS.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DT. Truist Financial reissued a buy rating and issued a $60.00 price target (down previously from $70.00) on shares of Dynatrace in a report on Thursday, May 16th. Royal Bank of Canada cut their target price on shares of Dynatrace from $66.00 to $60.00 and set an outperform rating for the company in a research note on Thursday, May 16th. Wells Fargo & Company decreased their price target on shares of Dynatrace from $60.00 to $50.00 and set an overweight rating on the stock in a research note on Tuesday. BMO Capital Markets cut their price objective on Dynatrace from $54.00 to $49.00 and set an outperform rating for the company in a research note on Friday, July 19th. Finally, Piper Sandler initiated coverage on Dynatrace in a report on Thursday, June 27th. They set a neutral rating and a $50.00 target price for the company. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $60.17.

Dynatrace Trading Up 15.7 %

Dynatrace stock traded up $6.37 during midday trading on Wednesday, hitting $46.86. 1,983,047 shares of the stock were exchanged, compared to its average volume of 3,541,074. The stock’s 50-day simple moving average is $44.44 and its 200 day simple moving average is $47.46. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 90.25, a PEG ratio of 6.40 and a beta of 1.04.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $380.85 million during the quarter, compared to analysts’ expectations of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. Equities analysts anticipate that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the transaction, the executive vice president now directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Dan Zugelder sold 15,404 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the transaction, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. Insiders have sold 84,274 shares of company stock worth $3,883,271 over the last quarter. 0.54% of the stock is currently owned by company insiders.

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.