Dynatrace, Inc. (NYSE:DT) Receives $60.46 Average Target Price from Brokerages

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-four ratings firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $60.46.

Several brokerages recently weighed in on DT. Barclays raised shares of Dynatrace from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $52.00 to $64.00 in a research report on Monday, October 7th. BMO Capital Markets lifted their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. BNP Paribas started coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a "neutral" rating and a $52.00 target price on the stock. Wells Fargo & Company reduced their price target on Dynatrace from $60.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th. Finally, Scotiabank increased their price objective on Dynatrace from $52.00 to $55.00 and gave the company a "sector outperform" rating in a report on Thursday, August 8th.

Dynatrace Trading Down 3.8 %

DT stock traded down $2.17 during mid-day trading on Thursday, reaching $54.32. 7,082,946 shares of the stock traded hands, compared to its average volume of 3,334,258. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41. The stock's fifty day moving average is $52.77 and its 200-day moving average is $48.29. The company has a market cap of $16.18 billion, a P/E ratio of 104.96, a P/E/G ratio of 8.02 and a beta of 1.06.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $399.20 million for the quarter, compared to analysts' expectations of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. Equities research analysts expect that Dynatrace will post 0.71 earnings per share for the current year.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the company's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related 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 transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 in the last ninety days. 0.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DT. Geneos Wealth Management Inc. lifted its position in Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company's stock valued at $25,000 after acquiring an additional 230 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Dynatrace during the second quarter valued at approximately $26,000. Versant Capital Management Inc lifted its holdings in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company's stock worth $26,000 after acquiring an additional 572 shares during the period. Riverview Trust Co increased its position in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company's stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. Finally, Paladin Wealth LLC bought a new stake in shares of Dynatrace during the 3rd quarter worth $38,000. Institutional investors own 94.28% of the company's stock.

About Dynatrace

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.