Dynatrace (NYSE:DT) Lowered to "Hold" Rating by Wall Street Zen

Dynatrace (NYSE:DT - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

DT has been the topic of a number of other research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Royal Bank Of Canada upped their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. BMO Capital Markets upped their price objective on Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. DA Davidson upped their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, UBS Group upped their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.26.

Dynatrace Stock Down 0.1%

Shares of NYSE DT opened at $54.85 on Friday. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 4.80 and a beta of 0.92. Dynatrace has a 52-week low of $39.30 and a 52-week high of $63.00. The business's 50 day moving average is $51.75 and its two-hundred day moving average is $52.47.

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, beating analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The company had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm's quarterly revenue was up 16.9% compared to the same quarter last year. Analysts anticipate that Dynatrace will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president now owns 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dynatrace

Several hedge funds have recently made changes to their positions in DT. Dragoneer Investment Group LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth about $242,380,000. Alyeska Investment Group L.P. acquired a new stake in shares of Dynatrace during the fourth quarter worth about $204,000,000. Norges Bank acquired a new stake in shares of Dynatrace during the fourth quarter worth about $192,284,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Dynatrace by 79.4% during 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 worth $329,477,000 after purchasing an additional 3,092,576 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Dynatrace during the fourth quarter worth about $102,209,000. 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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