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

Key Points

• Dynatrace's stock rating was downgraded from "buy" to "hold" by Wall Street Zen, reflecting a cautious stance on the company’s performance.
• The stock currently has a consensus rating of "Moderate Buy" with a target price of $62.72, as per analysts’ estimates.
• Dynatrace reported quarterly earnings of $0.42 per share, exceeding expectations and demonstrating a revenue increase of 19.5% year-over-year.

Dynatrace (NYSE:DT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

A number of other research firms also recently weighed in on DT. Barclays upped their target price on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. KeyCorp started coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective for the company. Citigroup dropped their price objective on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Monday, August 18th. DA Davidson raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Guggenheim lifted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Dynatrace Stock Down 0.5%

Shares of NYSE:DT traded down $0.27 on Tuesday, reaching $50.26. 2,588,301 shares of the company's stock were exchanged, compared to its average volume of 3,646,092. The business's 50-day moving average is $51.68 and its two-hundred day moving average is $51.18. Dynatrace has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 4.45 and a beta of 0.91.

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

Insider Activity

In other Dynatrace 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 transaction of $862,724.48. Following the completion of the sale, the executive vice president directly owned 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.57% of the company's stock.

Hedge Funds Weigh In On Dynatrace

Large investors have recently modified their holdings of the stock. Stifel Financial Corp boosted its holdings in shares of Dynatrace by 59.4% in the fourth quarter. Stifel Financial Corp now owns 25,527 shares of the company's stock worth $1,387,000 after buying an additional 9,513 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Dynatrace by 8.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 29,466 shares of the company's stock valued at $1,601,000 after acquiring an additional 2,406 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Dynatrace during the 4th quarter valued at about $6,462,000. Benjamin Edwards Inc. raised its holdings in Dynatrace by 16.6% in the fourth quarter. Benjamin Edwards Inc. now owns 30,043 shares of the company's stock worth $1,633,000 after purchasing an additional 4,288 shares in the last quarter. Finally, Baker Avenue Asset Management LP purchased a new position in Dynatrace during the 4th quarter worth $202,000. Hedge funds and other institutional investors 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.