Dynatrace (NYSE:DT) Price Target Raised to $50.00

Dynatrace (NYSE:DT) had its price target boosted by JMP Securities from $37.00 to $50.00 in a research note published on Thursday, The Fly reports.

A number of other equities analysts have also recently weighed in on DT. Jefferies Financial Group upped their price objective on shares of Dynatrace from $35.00 to $46.00 and gave the stock a hold rating in a research report on Thursday. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Dynatrace from a buy rating to a hold rating in a report on Tuesday, June 30th. UBS Group upped their target price on shares of Dynatrace from $36.00 to $39.00 and gave the stock a buy rating in a report on Wednesday, May 13th. Needham & Company LLC upped their target price on shares of Dynatrace from $38.00 to $50.00 and gave the stock a buy rating in a report on Monday, July 27th. Finally, Canaccord Genuity upped their target price on shares of Dynatrace from $38.00 to $48.00 and gave the stock a buy rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $39.76.

NYSE:DT traded down $0.54 during trading hours on Thursday, reaching $41.83. 1,263,040 shares of the company were exchanged, compared to its average volume of 2,295,187. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average is $41.34 and its 200-day moving average is $32.72. The firm has a market cap of $11.76 billion and a PE ratio of -30.76. Dynatrace has a twelve month low of $17.05 and a twelve month high of $44.65.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The company had revenue of $155.51 million during the quarter, compared to analysts’ expectations of $149.63 million. Dynatrace had a negative net margin of 61.51% and a negative return on equity of 8.18%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 earnings per share. As a group, research analysts anticipate that Dynatrace will post 0.2 EPS for the current year.

In other news, SVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $37.83, for a total transaction of $1,891,500.00. Following the sale, the senior vice president now owns 903,727 shares of the company’s stock, valued at $34,187,992.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin C. Burns sold 80,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $34.65, for a total transaction of $2,772,000.00. Following the sale, the chief financial officer now directly owns 88,900 shares in the company, valued at approximately $3,080,385. The disclosure for this sale can be found here. Insiders have sold 30,509,874 shares of company stock worth $1,047,682,132 in the last three months. Corporate insiders own 1.50% of the company’s stock.

A number of large investors have recently modified their holdings of DT. Victory Capital Management Inc. acquired a new stake in Dynatrace in the fourth quarter valued at approximately $195,000. Credit Suisse AG acquired a new stake in Dynatrace in the fourth quarter valued at approximately $920,000. Goldman Sachs Group Inc. raised its holdings in Dynatrace by 1,401.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 469,620 shares of the company’s stock valued at $11,881,000 after acquiring an additional 438,346 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Dynatrace by 112.7% in the fourth quarter. Bank of New York Mellon Corp now owns 162,726 shares of the company’s stock valued at $4,116,000 after acquiring an additional 86,205 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new stake in Dynatrace in the fourth quarter valued at approximately $356,000. 91.20% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Company Profile

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

Recommended Story: Limitations of the P/E Growth ratio

The Fly

Analyst Recommendations for Dynatrace (NYSE:DT)

Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.