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

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-four brokerages that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $61.75.

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Loop Capital reduced their price objective 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. Bank of America raised their price objective on shares of Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. KeyCorp assumed coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm'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 transaction, the executive vice president now directly owns 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.59% of the company's stock.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds have recently made changes to their positions in DT. Smartleaf Asset Management LLC raised its stake in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the 4th quarter worth $38,000. Coppell Advisory Solutions LLC increased 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 worth $39,000 after acquiring an additional 669 shares during the last quarter. CX Institutional purchased a new stake in Dynatrace in the 1st quarter worth about $40,000. Finally, Brooklyn Investment Group increased its holdings in Dynatrace by 761.9% in the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after acquiring an additional 800 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Performance

NYSE:DT opened at $55.71 on Friday. The company has a market capitalization of $16.69 billion, a PE ratio of 34.82, a P/E/G ratio of 4.86 and a beta of 0.92. The company has a 50 day simple moving average of $50.34 and a two-hundred day simple moving average of $52.62. Dynatrace has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

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

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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