BMO Capital Markets Forecasts Strong Price Appreciation for Dynatrace (NYSE:DT) Stock

Dynatrace (NYSE:DT - Free Report) had its price objective hoisted by BMO Capital Markets from $53.00 to $61.00 in a report issued on Friday morning, MarketBeat reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. BTIG Research boosted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Barclays raised Dynatrace from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $52.00 to $64.00 in a research report on Monday, October 7th. Wells Fargo & Company lowered 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. Wedbush assumed coverage on Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price objective on the stock. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.08.

Dynatrace Trading Down 2.6 %

Shares of DT traded down $1.43 during midday trading on Friday, hitting $52.89. 5,098,574 shares of the company's stock traded hands, compared to its average volume of 3,342,394. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 104.46, a price-to-earnings-growth ratio of 8.02 and a beta of 1.06. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The firm's fifty day moving average is $52.77 and its 200-day moving average is $48.29.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. The company had revenue of $399.20 million during 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 firm's revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. On average, equities research analysts anticipate that Dynatrace will post 0.71 EPS for the current year.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Dan Zugelder sold 11,022 shares of Dynatrace 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 sale, the executive vice president now owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares of the company's stock, valued at $33,505,230.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock worth $3,397,904 in the last three months. 0.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors have recently made changes to their positions in DT. Geneos Wealth Management Inc. grew its stake 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 buying an additional 230 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace in the second quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings 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. Riverview Trust Co increased its stake in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after buying an additional 257 shares during the period. Finally, Paladin Wealth LLC purchased a new stake in Dynatrace during the 3rd quarter worth approximately $38,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.