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

Dynatrace, Inc. (NYSE:DT - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-four research firms that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $61.75.

Several analysts recently weighed in on the company. BMO Capital Markets upped their price target on Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. Bank of America increased their target price on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. UBS Group increased their target price on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Finally, Loop Capital cut their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president now owns 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.59% of the company's stock.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Dynatrace by 0.5% in the first quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock worth $1,429,527,000 after buying an additional 157,523 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Dynatrace by 5.6% in the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock valued at $508,811,000 after purchasing an additional 493,987 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Dynatrace by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after acquiring an additional 1,124,207 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Dynatrace by 3.1% during the 1st quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock worth $367,833,000 after acquiring an additional 230,967 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after purchasing an additional 834,225 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

NYSE:DT traded up $0.14 during mid-day trading on Friday, reaching $54.55. 2,552,556 shares of the company's stock traded hands, compared to its average volume of 3,012,194. The company has a 50 day moving average price of $50.57 and a 200-day moving average price of $52.51. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 4.75 and a beta of 0.92. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00.

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

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.