Dynatrace (NYSE:DT) Updates FY 2020 Earnings Guidance

Dynatrace (NYSE:DT) updated its FY 2020 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.20-0.22 for the period. The company issued revenue guidance of $521-524 million, compared to the consensus revenue estimate of $512.08 million.Dynatrace also updated its FY20 guidance to $0.20-$0.22 EPS.

Several research firms recently issued reports on DT. UBS Group began coverage on shares of Dynatrace in a research report on Monday, August 26th. They issued a buy rating and a $33.00 price target for the company. Barclays lifted their price target on shares of Dynatrace from $30.00 to $31.00 and gave the company an overweight rating in a research report on Thursday, September 5th. Citigroup began coverage on shares of Dynatrace in a research report on Monday, August 26th. They issued a neutral rating and a $26.00 price target for the company. William Blair initiated coverage on shares of Dynatrace in a research report on Monday, August 26th. They issued an outperform rating and a $6.50 price target for the company. Finally, Royal Bank of Canada initiated coverage on shares of Dynatrace in a report on Monday, August 26th. They set an outperform rating and a $28.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $26.63.

Shares of NYSE DT traded up $0.25 during mid-day trading on Friday, reaching $21.50. 51,734 shares of the company’s stock were exchanged, compared to its average volume of 962,934. Dynatrace has a 52 week low of $19.71 and a 52 week high of $27.48.

In related news, Director James K. Lines sold 31,720 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $15.14, for a total value of $480,240.80. Following the sale, the director now directly owns 297,973 shares in the company, valued at approximately $4,511,311.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bernd Greifeneder sold 322,673 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $15.14, for a total value of $4,885,269.22. Following the completion of the sale, the senior vice president now owns 913,327 shares in the company, valued at $13,827,770.78. The disclosure for this sale can be found here.

About Dynatrace

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.

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Earnings History and Estimates for Dynatrace (NYSE:DT)

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