Dynatrace (NYSE:DT) Updates Q2 Earnings Guidance

Dynatrace (NYSE:DT) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.32-0.33 for the period, compared to the consensus estimate of $0.32. The company issued revenue guidance of $404-407 million, compared to the consensus revenue estimate of $405.16 million. Dynatrace also updated its FY25 guidance to $1.26-1.29 EPS.

Dynatrace Trading Up 15.7 %

Shares of NYSE DT traded up $6.37 on Wednesday, reaching $46.86. 1,983,047 shares of the company traded hands, compared to its average volume of 3,541,074. The stock has a market capitalization of $13.97 billion, a PE ratio of 90.25, a P/E/G ratio of 6.40 and a beta of 1.04. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company has a 50 day moving average of $44.44 and a 200 day moving average of $47.46.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on DT shares. Bank of America reduced their target price on Dynatrace from $70.00 to $68.00 and set a buy rating on the stock in a report on Thursday, May 16th. Wells Fargo & Company decreased their target price on Dynatrace from $60.00 to $50.00 and set an overweight rating for the company in a report on Tuesday. Wedbush reaffirmed a neutral rating and set a $55.00 price target on shares of Dynatrace in a research report on Thursday, May 16th. Guggenheim decreased their price objective on shares of Dynatrace from $60.00 to $55.00 and set a buy rating for the company in a research note on Tuesday, July 16th. Finally, Robert W. Baird cut their target price on shares of Dynatrace from $65.00 to $62.00 and set an outperform rating on the stock in a research note on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $60.17.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were 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 of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 253,176 shares in the company, valued at approximately $11,828,382.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,274 shares of company stock valued at $3,883,271. 0.54% of the stock is currently owned by corporate insiders.

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.