Dynatrace (NYSE:DT) Updates Q3 Earnings Guidance

Dynatrace (NYSE:DT - Get Free Report) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.32-$0.33 for the period, compared to the consensus earnings per share estimate of $0.32. The company issued revenue guidance of $425-$428 million, compared to the consensus revenue estimate of $415.96 million. Dynatrace also updated its FY 2025 guidance to 1.310-1.330 EPS.

Analysts Set New Price Targets

A number of research firms recently weighed in on DT. BTIG Research increased their price objective on Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research report on Tuesday, August 6th. BMO Capital Markets upped their price target on shares of Dynatrace from $49.00 to $53.00 and gave the company an "outperform" rating in a research report on Thursday, August 8th. Wedbush began coverage on shares of Dynatrace in a research report on Thursday, October 17th. They set an "outperform" rating and a $67.00 price target on the stock. Finally, BNP Paribas began coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price objective on the stock. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average target price of $60.46.

Dynatrace Trading Down 3.8 %

Shares of DT traded down $2.17 during mid-day trading on Thursday, reaching $54.32. 7,128,922 shares of the stock traded hands, compared to its average volume of 3,334,258. The firm has a fifty day moving average price of $52.77 and a 200 day moving average price of $48.29. The company has a market cap of $16.18 billion, a price-to-earnings ratio of 104.96, 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.

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. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same period in the previous year, the business earned $0.16 EPS. The business's revenue for the quarter was up 19.9% on a year-over-year basis. On average, sell-side analysts anticipate that Dynatrace will post 0.71 EPS for the current year.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares of the company's stock, valued at $10,810,185.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Dan Zugelder sold 11,022 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now directly owns 650,587 shares of the company's stock, valued at approximately $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,022 shares of company stock worth $3,397,904. Corporate insiders own 0.59% 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.