Brokerages Set Dynatrace, Inc. (NYSE:DT) Price Target at $61.43

Dynatrace, Inc. (NYSE:DT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-three analysts that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $61.43.

A number of research firms have recently weighed in on DT. UBS Group boosted their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Wedbush reiterated an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, May 16th. Stifel Nicolaus increased their price target on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Finally, Scotiabank upped their target price on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st.

Dynatrace Stock Performance

NYSE DT traded up $0.37 during trading hours on Monday, reaching $53.99. The company's stock had a trading volume of 1,648,504 shares, compared to its average volume of 3,121,704. The stock has a market cap of $16.16 billion, a PE ratio of 33.73, a PEG ratio of 7.05 and a beta of 0.95. Dynatrace has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The company's 50-day moving average is $47.68 and its two-hundred day moving average is $52.58.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The firm's revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. Equities analysts expect that Dynatrace will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Dynatrace

Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the fourth quarter valued at about $38,000. Nisa Investment Advisors LLC lifted its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after acquiring an additional 530 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in Dynatrace by 1,423.4% in the 4th 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. Finally, CX Institutional acquired a new stake in Dynatrace during the 1st quarter worth about $40,000. 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.