Analysts Set Dynatrace, Inc. (NYSE:DT) Price Target at $60.96

Dynatrace, Inc. (NYSE:DT) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $60.96.

A number of analysts have commented on DT shares. JPMorgan Chase & Co. cut their price target on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st. Royal Bank of Canada lowered their target price on Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. TD Cowen dropped their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Guggenheim reissued a “buy” rating and set a $60.00 target price on shares of Dynatrace in a research note on Tuesday, June 25th. Finally, Bank of America decreased their price target on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, May 16th.

Dynatrace Price Performance

Shares of DT opened at $43.86 on Friday. The business has a 50-day moving average of $45.77 and a 200-day moving average of $48.99. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 84.35, a price-to-earnings-growth ratio of 6.83 and a beta of 1.04. Dynatrace has a 1 year low of $42.31 and a 1 year high of $61.41.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. As a group, sell-side analysts anticipate that Dynatrace will post 0.71 EPS for the current year.

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the transaction, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction 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 $33,994,907.31. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the transaction, the executive vice president now owns 253,176 shares of the company’s stock, valued at approximately $11,828,382.72. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Dynatrace

A number of institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new position in Dynatrace in the 4th quarter valued at approximately $25,000. Geneos Wealth Management Inc. grew 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 purchasing an additional 230 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares in the last quarter. DSM Capital Partners LLC purchased a new stake in Dynatrace during the 4th quarter worth about $28,000. Finally, Rise Advisors LLC purchased a new stake in Dynatrace during the 1st quarter worth about $30,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.