Dynatrace, Inc. (NYSE:DT) Receives $61.43 Average PT from Analysts

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

Several brokerages have recently weighed in on DT. Scotiabank upped their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a report on Friday, January 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Wedbush reaffirmed an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, May 16th. Finally, BMO Capital Markets increased 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.

Dynatrace Stock Performance

Shares of DT stock traded up $0.97 on Monday, hitting $54.24. The company's stock had a trading volume of 2,571,054 shares, compared to its average volume of 3,128,882. The stock's 50 day moving average is $47.52 and its 200-day moving average is $52.56. Dynatrace has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The company has a market capitalization of $16.24 billion, a PE ratio of 33.90, a PEG ratio of 7.05 and a beta of 0.95.

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

Institutional Investors Weigh In On Dynatrace

Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new position in Dynatrace during the fourth quarter worth approximately $38,000. Coppell Advisory Solutions LLC raised its stake in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares during the period. Nisa Investment Advisors LLC raised its stake in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares during the period. Finally, CX Institutional purchased a new position in shares of Dynatrace in the 1st quarter worth $40,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

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.