Guggenheim Boosts Dynatrace (NYSE:DT) Price Target to $64.00

Dynatrace (NYSE:DT) had its price objective raised by investment analysts at Guggenheim from $55.00 to $64.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 20.78% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Piper Sandler started coverage on shares of Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price objective on the stock. 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 report on Tuesday, August 6th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Loop Capital decreased their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Finally, Scotiabank boosted their price target on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $60.09.

Dynatrace Trading Up 0.8 %

NYSE DT opened at $52.99 on Friday. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The stock’s fifty day moving average price is $48.51 and its 200-day moving average price is $46.74. The stock has a market cap of $15.80 billion, a P/E ratio of 101.90, a P/E/G ratio of 7.83 and a beta of 1.05.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $392.22 million. During the same period last year, the business earned $0.16 EPS. Dynatrace’s revenue was up 19.9% compared to the same quarter last year. As a group, analysts forecast that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 15,404 shares of the company’s stock in a transaction dated 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 owns 237,772 shares in the company, valued at $10,514,277.84. The disclosure for this sale can be found here. Insiders sold a total of 76,426 shares of company stock worth $3,804,069 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its position in Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Dynatrace during the second quarter worth $26,000. Rise Advisors LLC purchased a new stake in Dynatrace during the 1st quarter valued at about $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Dynatrace in the second quarter valued at approximately $32,000. Institutional investors own 94.28% of the company’s stock.

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.