Dynatrace, Inc. (NYSE:DT) Receives $60.56 Average PT from Analysts

Shares of Dynatrace, Inc. (NYSE:DT) have earned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $60.61.

A number of research analysts recently commented on the company. Robert W. Baird decreased their price target on Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Wells Fargo & Company reduced their price target on Dynatrace from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Royal Bank of Canada cut their price objective on Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Truist Financial reaffirmed a “buy” rating and issued a $60.00 price objective (down from $70.00) on shares of Dynatrace in a research note on Thursday, May 16th. Finally, TD Cowen cut their price objective on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, April 19th.

Dynatrace Stock Performance

NYSE DT opened at $41.08 on Tuesday. The business has a 50 day simple moving average of $44.67 and a 200 day simple moving average of $47.69. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 79.00, a PEG ratio of 6.40 and a beta of 1.04.

Dynatrace (NYSE:DT) last released its 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). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The firm had revenue of $380.85 million during the quarter, compared to the consensus estimate of $375.20 million. On average, analysts predict that Dynatrace will post 0.71 EPS for the current year.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $33,994,907.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the sale, the chief executive officer now directly owns 732,491 shares in the company, valued at approximately $33,994,907.31. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the sale, 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 have sold a total of 84,274 shares of company stock valued at $3,883,271 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its position in shares of Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Dynatrace in the second quarter worth approximately $26,000. DSM Capital Partners LLC bought a new position in Dynatrace in the fourth quarter worth approximately $28,000. Finally, Rise Advisors LLC purchased a new stake in Dynatrace during the first quarter worth $30,000. 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.