Dynatrace (NYSE:DT) Earns Outperform Rating from Analysts at Wedbush

Wedbush initiated coverage on shares of Dynatrace (NYSE:DT) in a report released on Thursday morning, Marketbeat.com reports. The firm issued an outperform rating and a $67.00 price objective on the stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company reduced their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. BNP Paribas initiated coverage on shares of Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. Loop Capital dropped their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Piper Sandler initiated coverage on shares of Dynatrace in a research note on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target for the company. Finally, BMO Capital Markets increased their price objective on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.57.

Dynatrace Trading Up 1.6 %

DT stock opened at $54.86 on Thursday. The stock has a market cap of $16.36 billion, a PE ratio of 105.50, a P/E/G ratio of 7.93 and a beta of 1.06. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a 50-day moving average price of $51.45 and a 200 day moving average price of $47.53.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. Sell-side analysts forecast that Dynatrace will post 0.71 EPS for the current year.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction 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 directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s 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 sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock valued at $3,397,904 in the last 90 days. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its position in Dynatrace by 3.8% in the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after buying an additional 226 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares during the last quarter. Riverview Trust Co increased its stake in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Dynatrace by 0.8% during the first quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock worth $1,602,000 after purchasing an additional 260 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of Dynatrace by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock worth $392,000 after purchasing an additional 266 shares during the last quarter. 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.