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

Key Points

• Dynatrace, Inc. has received a consensus recommendation of "Moderate Buy" from 24 brokerages, with an average target price of $62.72.
• The company reported $0.42 earnings per share last quarter, surpassing analyst expectations and showing a 19.5% increase in revenue year-over-year.
• Institutional investors control a significant 94.28% of Dynatrace's stock, reflecting strong confidence in the company.

Dynatrace, Inc. (NYSE:DT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-four brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $62.72.

A number of equities research analysts have recently commented on the company. Barclays raised their price target on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Oppenheimer assumed coverage on Dynatrace in a research report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price target on the stock. Royal Bank Of Canada raised their price target on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen lowered Dynatrace from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Bank of America raised their price target on Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th.

Dynatrace Trading Down 0.1%

NYSE:DT opened at $50.54 on Wednesday. Dynatrace has a 1-year low of $39.30 and a 1-year high of $63.00. The business's 50-day moving average price is $51.77 and its two-hundred day moving average price is $51.18. The firm has a market capitalization of $15.24 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 4.45 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts predict that Dynatrace will post 0.68 earnings per share for the current year.

Insider Transactions at Dynatrace

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

Institutional Investors Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Dynatrace by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 31,403,014 shares of the company's stock valued at $1,733,760,000 after buying an additional 1,084,307 shares during the last quarter. Janus Henderson Group PLC grew its stake 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in Dynatrace by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after purchasing an additional 1,124,207 shares in the last quarter. American Century Companies Inc. grew its stake in Dynatrace by 0.6% in the second quarter. American Century Companies Inc. now owns 7,845,619 shares of the company's stock valued at $433,157,000 after purchasing an additional 44,288 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Dynatrace by 79.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock valued at $329,477,000 after purchasing an additional 3,092,576 shares in the last quarter. Institutional investors and hedge funds 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.

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