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

Key Points

• Dynatrace (NYSE:DT) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment.
• Despite the downgrade, several other research firms maintain a positive outlook, with ratings ranging from "buy" to "outperform" and target prices averaging around $62.57.
• The company recently reported a net margin of 27.75% and a year-over-year revenue increase of 19.5%, exceeding analysts' expectations for both earnings and revenue.

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

Several other equities research analysts have also recently issued reports on DT. DA Davidson boosted 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. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. Wedbush restated 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 boosted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, Loop Capital reduced their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.63.

Dynatrace Stock Performance

Dynatrace stock traded down $0.7990 during trading hours on Friday, hitting $48.3210. The company had a trading volume of 759,979 shares, compared to its average volume of 3,035,573. The firm has a market cap of $14.57 billion, a P/E ratio of 29.64, a P/E/G ratio of 4.24 and a beta of 0.91. Dynatrace has a 1 year low of $39.30 and a 1 year high of $63.00. The company has a 50-day moving average price of $52.79 and a two-hundred day moving average price of $51.96.

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 the consensus estimate of $0.38 by $0.04. The company had revenue of $477.35 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. As a group, equities research analysts anticipate that Dynatrace will post 0.68 EPS for the current year.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is owned by company insiders.

Institutional Trading of Dynatrace

Several large investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in shares of Dynatrace in the 2nd quarter valued at $567,000. Cim LLC boosted its holdings in shares of Dynatrace by 5.1% in the 2nd quarter. Cim LLC now owns 21,956 shares of the company's stock valued at $1,212,000 after acquiring an additional 1,066 shares during the last quarter. State of Wyoming boosted its holdings in shares of Dynatrace by 219.6% in the 2nd quarter. State of Wyoming now owns 7,484 shares of the company's stock valued at $413,000 after acquiring an additional 5,142 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Dynatrace in the 2nd quarter valued at $458,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Dynatrace by 17.6% in the 2nd quarter. Headlands Technologies LLC now owns 36,804 shares of the company's stock valued at $2,032,000 after acquiring an additional 5,505 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.