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

Wall Street Zen downgraded shares of Dynatrace (NYSE:DT - Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Several other research analysts have also recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. DA Davidson increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. UBS Group lifted their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. The Goldman Sachs Group upped their target price on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 price objective on Dynatrace in a research report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.26.

Dynatrace Price Performance

DT stock traded up $0.26 during mid-day trading on Friday, reaching $54.67. The company had a trading volume of 883,910 shares, compared to its average volume of 2,975,207. The company has a market capitalization of $16.38 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 4.82 and a beta of 0.91. The firm has a 50 day moving average of $52.24 and a 200 day moving average of $52.46. Dynatrace has a 12 month low of $39.30 and a 12 month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $435.14 million. During the same period last year, the business posted $0.30 EPS. Dynatrace's quarterly revenue was up 16.9% on a year-over-year basis. Analysts anticipate that Dynatrace will post 0.68 EPS for the current year.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The stock was 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 owned 17,242 shares of the company's stock, valued at $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.59% of the company's stock.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the business. Dragoneer Investment Group LLC purchased a new position in shares of Dynatrace during the fourth quarter worth $242,380,000. Alyeska Investment Group L.P. acquired a new stake in Dynatrace during the 4th quarter worth about $204,000,000. Norges Bank purchased a new position in shares of Dynatrace during the 4th quarter valued at about $192,284,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Dynatrace by 79.4% in the 1st 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 buying an additional 3,092,576 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Dynatrace in the fourth quarter worth about $102,209,000. 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.