Dynatrace, Inc. (NYSE:DT) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Dynatrace, Inc. has received an average rating of "Moderate Buy" from 24 analysts, with 17 recommending a buy and one a strong buy, alongside a 12-month price target of $62.72.
• The company reported a quarterly earnings per share of $0.42, exceeding analysts' expectations of $0.38, and a revenue of $477.35 million, which reflects a 19.5% year-over-year growth.
• Insider transactions show a recent sale of shares by the Chief Accounting Officer and a Director, indicating a decrease in their stakes in the company.

Dynatrace, Inc. (NYSE:DT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-four brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $62.72.

A number of equities analysts have commented on DT shares. Guggenheim lifted their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. KeyCorp began coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective for the company. Royal Bank Of Canada boosted their price objective on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Monday, August 4th. Finally, BMO Capital Markets reduced their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th.

Dynatrace Price Performance

Shares of DT opened at $49.49 on Friday. Dynatrace has a one year low of $39.30 and a one year high of $63.00. The company has a market cap of $14.92 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 4.35 and a beta of 0.91. The firm has a 50-day moving average of $49.81 and a 200-day moving average of $50.23.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business had revenue of $477.35 million during the quarter, compared to analysts' expectations of $467.39 million. During the same quarter last year, the company posted $0.33 earnings per share. Dynatrace's quarterly revenue was up 19.5% on a year-over-year basis. Analysts expect that Dynatrace will post 0.68 earnings per share for the current year.

Insider Transactions at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the sale, the director directly owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,099 shares of company stock valued at $154,429. 0.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Large investors have recently added to or reduced their stakes in the stock. MAI Capital Management grew its holdings in shares of Dynatrace by 122.4% during the 2nd quarter. MAI Capital Management now owns 547 shares of the company's stock worth $30,000 after purchasing an additional 301 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in Dynatrace during the second quarter worth about $34,000. Eastern Bank acquired a new stake in Dynatrace during the second quarter worth about $35,000. CX Institutional acquired a new stake in Dynatrace during the first quarter worth about $40,000. Finally, Brooklyn Investment Group boosted its position in shares of Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds 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.

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