Dynatrace, Inc. (NYSE:DT) Receives $62.26 Consensus Price Target from Brokerages

Dynatrace, Inc. (NYSE:DT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-three ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $62.26.

Several research firms recently weighed in on DT. Rosenblatt Securities restated a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research report on Tuesday, May 13th. BMO Capital Markets lifted their price target on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Loop Capital dropped their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. UBS Group lifted their price target on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 target price on Dynatrace in a report on Thursday, May 15th.

Dynatrace Stock Up 0.2%

Shares of DT traded up $0.13 during mid-day trading on Tuesday, hitting $53.05. 544,379 shares of the company's stock traded hands, compared to its average volume of 2,985,877. Dynatrace has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a market capitalization of $16.01 billion, a P/E ratio of 33.20, a PEG ratio of 4.54 and a beta of 0.91. The business's 50-day moving average price is $53.98 and its 200-day moving average price is $52.44.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The business's revenue was up 16.9% compared to the same quarter last year. Sell-side analysts anticipate that Dynatrace will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president owned 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.57% of the company's stock.

Institutional Trading of Dynatrace

A number of hedge funds have recently bought and sold shares of DT. Coppell Advisory Solutions LLC increased its position in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares during the last quarter. CX Institutional purchased a new stake in Dynatrace in the first quarter worth about $40,000. Brooklyn Investment Group increased its position in Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after buying an additional 800 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Dynatrace in the first quarter worth about $45,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after buying an additional 256 shares in the last quarter. Hedge funds and other 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.