Dynatrace (NYSE:DT) Coverage Initiated by Analysts at Piper Sandler

Stock analysts at Piper Sandler started coverage on shares of Dynatrace (NYSE:DT) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $50.00 price target on the stock. Piper Sandler’s target price suggests a potential upside of 11.66% from the stock’s previous close.

A number of other equities analysts also recently weighed in on DT. Wells Fargo & Company lowered their price target on Dynatrace from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. TD Cowen lowered their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Barclays lowered their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 20th. Wolfe Research began coverage on Dynatrace in a research report on Monday, March 18th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Royal Bank of Canada lowered their price target on Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.96.

Dynatrace Stock Performance

DT opened at $44.78 on Thursday. Dynatrace has a 52-week low of $42.94 and a 52-week high of $61.41. The firm has a market capitalization of $13.31 billion, a PE ratio of 86.12, a PEG ratio of 6.61 and a beta of 1.05. The business’s 50-day simple moving average is $46.07 and its 200 day simple moving average is $49.64.

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

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares in the company, valued at $11,828,382.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the sale, the executive vice president now owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cetera Advisors LLC lifted its stake in shares of Dynatrace by 88.7% in the 1st quarter. Cetera Advisors LLC now owns 7,336 shares of the company’s stock valued at $341,000 after acquiring an additional 3,448 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Dynatrace by 385.9% in the 1st quarter. Cetera Investment Advisers now owns 40,685 shares of the company’s stock valued at $1,889,000 after acquiring an additional 32,312 shares during the last quarter. Burney Co. lifted its stake in shares of Dynatrace by 9.8% in the 1st quarter. Burney Co. now owns 166,558 shares of the company’s stock valued at $7,735,000 after acquiring an additional 14,831 shares during the last quarter. Swedbank AB bought a new position in shares of Dynatrace in the 1st quarter valued at $4,619,000. Finally, Virtu Financial LLC bought a new position in shares of Dynatrace in the 1st quarter valued at $600,000. 94.28% of the stock is currently owned by institutional investors.

About Dynatrace

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.