Dynatrace (NYSE:DT) Earns Buy Rating from Rosenblatt Securities

Key Points

• Dynatrace (NYSE:DT) received a "buy" rating from Rosenblatt Securities, with a price target set at $67.00, indicating a potential upside of 32.70% from its current price.
• Although most analysts maintain a positive outlook on the stock, with a consensus rating of "Moderate Buy," Loop Capital downgraded its price target significantly from $55.00 to $44.00, assigning a "hold" rating.
• Dynatrace reported $0.33 earnings per share for the last quarter, surpassing consensus estimates, with year-over-year revenue growth of 16.9%.

Dynatrace (NYSE:DT - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Rosenblatt Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $67.00 price target on the stock. Rosenblatt Securities' price objective indicates a potential upside of 32.70% from the company's current price.

A number of other equities analysts have also weighed in on DT. Loop Capital dropped their price target 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. Royal Bank Of Canada upped their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group lifted their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. BMO Capital Markets lifted their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Bank of America lifted their price objective on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.35.

Dynatrace Trading Down 4.0%

NYSE:DT opened at $50.49 on Monday. Dynatrace has a 12 month low of $39.30 and a 12 month high of $63.00. The company has a market cap of $15.24 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 4.41 and a beta of 0.91. The company has a 50 day simple moving average of $54.19 and a two-hundred day simple moving average of $52.51.

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

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the company'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 directly owned 17,242 shares in the company, valued at $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Keybank National Association OH lifted its stake in Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after purchasing an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after buying an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after buying an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Dynatrace during the 1st quarter worth approximately $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new stake in Dynatrace during the 1st quarter worth approximately $3,846,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.

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