Dynatrace (NYSE:DT) PT Raised to $63.00

Dynatrace (NYSE:DT) had its price target lifted by BTIG Research from $57.00 to $63.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price would indicate a potential upside of 18.60% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Scotiabank raised their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Jefferies Financial Group raised their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. 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 target on the stock. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Finally, Wells Fargo & Company cut their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $60.46.

Dynatrace Trading Down 0.8 %

NYSE DT traded down $0.44 during trading hours on Wednesday, reaching $53.12. The company’s stock had a trading volume of 649,847 shares, compared to its average volume of 3,362,962. The business has a 50-day simple moving average of $51.72 and a 200 day simple moving average of $47.66. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The stock has a market cap of $15.84 billion, a PE ratio of 102.12, a PEG ratio of 7.93 and a beta of 1.06.

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

Insider Buying and Selling

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock valued at $3,397,904 over the last ninety days. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. US Bancorp DE raised its position in shares of Dynatrace by 89.7% in the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock valued at $2,251,000 after purchasing an additional 22,928 shares during the period. Norden Group LLC bought a new position in shares of Dynatrace in the first quarter valued at about $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Dynatrace by 640.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after purchasing an additional 157,739 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of Dynatrace in the second quarter valued at about $1,295,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

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.