Dynatrace, Inc. (NYSE:DT) Receives Average Recommendation of “Moderate Buy” from Analysts

Dynatrace, Inc. (NYSE:DT) has been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $61.08.

DT has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Monday, April 1st. Scotiabank lifted their target price on Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Monday, February 5th. Citigroup lifted their target price on Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Capital One Financial assumed coverage on Dynatrace in a report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price for the company. Finally, Wolfe Research assumed coverage on Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 target price for the company.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $52.61, for a total value of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Dan Zugelder sold 6,595 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $52.61, for a total value of $346,962.95. Following the sale, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The disclosure for this sale can be found here. Insiders have sold a total of 14,278,591 shares of company stock worth $750,893,396 over the last 90 days. Insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in Dynatrace in the fourth quarter valued at approximately $25,000. DSM Capital Partners LLC acquired a new position in Dynatrace in the fourth quarter valued at approximately $28,000. NewSquare Capital LLC acquired a new position in Dynatrace in the fourth quarter valued at approximately $32,000. Rise Advisors LLC acquired a new position in Dynatrace in the first quarter valued at approximately $30,000. Finally, Planned Solutions Inc. acquired a new position in Dynatrace in the fourth quarter valued at approximately $38,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

DT stock opened at $46.61 on Friday. The company has a fifty day moving average price of $47.07 and a two-hundred day moving average price of $50.81. Dynatrace has a one year low of $40.57 and a one year high of $61.41. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 70.62, a price-to-earnings-growth ratio of 3.97 and a beta of 1.07.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The firm had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. Research analysts anticipate that Dynatrace will post 0.62 EPS for the current fiscal year.

About Dynatrace

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.