KeyCorp Initiates Coverage on Dynatrace (NYSE:DT)

Research analysts at KeyCorp began coverage on shares of Dynatrace (NYSE:DT - Get Free Report) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set an "overweight" rating and a $69.00 price target on the stock. KeyCorp's target price indicates a potential upside of 27.35% from the stock's previous close.

Several other analysts have also commented on DT. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Wedbush reissued an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, May 16th. Royal Bank of Canada lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. UBS Group upped their price target 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. Finally, The Goldman Sachs Group lifted their price objective on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average target price of $61.75.

Dynatrace Stock Performance

Dynatrace stock traded down $0.03 during midday trading on Tuesday, hitting $54.18. 2,133,324 shares of the company were exchanged, compared to its average volume of 3,067,888. The business has a fifty day simple moving average of $48.51 and a two-hundred day simple moving average of $52.64. The firm has a market capitalization of $16.24 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 7.05 and a beta of 0.92. 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 posted its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The business's revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. As a group, equities analysts expect that Dynatrace will post 0.68 earnings per share for the current year.

Insider Activity 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 shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president now owns 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.59% of the company's stock.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC raised its position in 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 buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace during the 4th quarter worth approximately $38,000. Coppell Advisory Solutions LLC boosted its stake in shares of Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares during the last quarter. CX Institutional acquired a new position in Dynatrace in the 1st quarter valued at $40,000. Finally, Brooklyn Investment Group boosted its position in shares of Dynatrace by 761.9% in the first 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. Institutional investors and hedge funds own 94.28% of the company's stock.

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.