Dynatrace (NYSE:DT) Rating Lowered 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, potentially impacting investor sentiment.
• The stock recently traded down to $49.58 with a market cap of approximately $14.95 billion, reflecting its current valuation in the market.
• In terms of earnings, Dynatrace reported $0.42 EPS for the quarter, surpassing analysts' expectations and marking a significant year-over-year revenue increase of 19.5%.

Dynatrace (NYSE:DT - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Several other research analysts have also recently issued reports on the company. Guggenheim increased their price objective on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. BMO Capital Markets dropped their price objective on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Wells Fargo & Company started coverage on Dynatrace in a report on Tuesday. They set an "overweight" rating and a $65.00 target price for the company. Royal Bank Of Canada upped their target price on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Rosenblatt Securities restated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.52.

Dynatrace Price Performance

Shares of DT traded down $0.30 during mid-day trading on Friday, reaching $49.58. 2,786,754 shares of the company's stock traded hands, compared to its average volume of 3,585,269. Dynatrace has a 12 month low of $39.30 and a 12 month high of $63.00. The stock has a market cap of $14.95 billion, a P/E ratio of 30.42, a P/E/G ratio of 4.39 and a beta of 0.88. The stock's 50-day moving average is $49.38 and its two-hundred day moving average is $50.23.

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

Insider Buying and Selling at Dynatrace

In related news, Director Lisa M. Campbell sold 1,013 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the transaction, the director directly owned 1,012 shares of the company's stock, valued at $50,367.24. This represents a 50.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,099 shares of company stock worth $154,429. 0.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Dynatrace

Institutional investors have recently modified their holdings of the business. Aaron Wealth Advisors LLC lifted its stake in Dynatrace by 570.2% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 33,831 shares of the company's stock valued at $1,639,000 after buying an additional 28,783 shares in the last quarter. TT International Asset Management LTD purchased a new stake in Dynatrace in the third quarter valued at approximately $2,376,000. Corient Private Wealth LLC grew its stake in shares of Dynatrace by 36.7% in the second quarter. Corient Private Wealth LLC now owns 10,712 shares of the company's stock worth $591,000 after acquiring an additional 2,878 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Dynatrace by 5.2% in the second quarter. Osaic Holdings Inc. now owns 43,055 shares of the company's stock worth $2,340,000 after acquiring an additional 2,113 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its stake in shares of Dynatrace by 37.1% during the second quarter. Orion Porfolio Solutions LLC now owns 16,752 shares of the company's stock worth $925,000 after purchasing an additional 4,536 shares in the last quarter. 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.

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