Brokerages Set Dynatrace, Inc. (NYSE:DT) Price Target at $62.57

Key Points

• Dynatrace, Inc. (NYSE:DT) has received an average analyst rating of "Moderate Buy", with 15 buy ratings, 6 hold ratings, and 1 strong buy rating.
• The average 1-year target price from analysts for Dynatrace is $62.57, with recent price targets being raised by several analysts, reaching as high as $69.00.
• In the first quarter, several institutional investors increased their stakes in Dynatrace, with Keybank National Association growing its holdings by 30%.

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $62.5652.

A number of research analysts recently weighed in on DT shares. Loop Capital decreased their target price on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. KeyCorp started coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price for the company. Barclays lifted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Morgan Stanley set a $55.00 price objective on shares of Dynatrace in a research note on Thursday, May 15th. Finally, DA Davidson raised their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 15th.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dynatrace

Hedge funds have recently bought and sold shares of the stock. Dragoneer Investment Group LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at $242,380,000. Alyeska Investment Group L.P. purchased a new stake in shares of Dynatrace in the fourth quarter valued at $204,000,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Dynatrace by 79.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock valued at $329,477,000 after acquiring an additional 3,092,576 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Dynatrace by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company's stock valued at $128,638,000 after acquiring an additional 1,621,136 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Dynatrace by 53.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after acquiring an additional 1,350,794 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $0.22 on Friday, hitting $46.02. 5,002,247 shares of the company were exchanged, compared to its average volume of 3,034,272. The company's 50 day moving average price is $53.72 and its two-hundred day moving average price is $52.38. Dynatrace has a one year low of $39.30 and a one year high of $63.00. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.97 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The company's quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts predict that Dynatrace will post 0.68 earnings per share for the current year.

Dynatrace Company Profile

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.