Dynatrace (NYSE:DT) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Dynatrace has received a "hold (C+)" rating from Weiss Ratings, indicating analysts' cautious outlook on the stock's performance.
• Several brokerages, including BMO Capital Markets and Citigroup, have adjusted their price targets for Dynatrace, with the current consensus price target at approximately $62.96.
• The company reported a 19.5% increase in quarterly revenue year-over-year, reflecting robust growth, with earnings exceeding expectations at $0.42 per share.

Dynatrace (NYSE:DT - Get Free Report)'s stock had its "hold (c+)" rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Several other brokerages also recently commented on DT. BMO Capital Markets cut their price objective on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Oppenheimer started coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price target on the stock. Citigroup lowered their price objective on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Wells Fargo & Company started coverage on shares of Dynatrace in a research note on Tuesday, September 30th. They set an "overweight" rating and a $65.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.96.

Dynatrace Trading Up 0.7%

Shares of NYSE:DT opened at $50.27 on Friday. Dynatrace has a 12 month low of $39.30 and a 12 month high of $63.00. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 4.41 and a beta of 0.88. The firm's 50-day moving average is $49.07 and its 200 day moving average is $50.37.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. As a group, equities analysts forecast that Dynatrace will post 0.68 EPS for the current fiscal year.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 7,503 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $50.00, for a total transaction of $375,150.00. Following the sale, the executive vice president owned 1,420 shares of the company's stock, valued at approximately $71,000. This trade represents a 84.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the sale, the chief accounting officer owned 22,555 shares of the company's stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,602 shares of company stock valued at $529,579. Company insiders own 0.57% of the company's stock.

Institutional Trading of Dynatrace

Several hedge funds have recently modified their holdings of DT. GAMMA Investing LLC raised its stake in shares of Dynatrace by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,246 shares of the company's stock worth $200,000 after acquiring an additional 609 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Dynatrace by 7.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 34,443 shares of the company's stock worth $1,624,000 after purchasing an additional 2,315 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after purchasing an additional 4,697 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Dynatrace by 235.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 897,442 shares of the company's stock worth $42,314,000 after purchasing an additional 629,626 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Dynatrace by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 621,861 shares of the company's stock worth $29,321,000 after buying an additional 3,884 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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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