Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) were down 4.9% on Thursday . The stock traded as low as $53.54 and last traded at $53.43. Approximately 1,454,800 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 2,981,640 shares. The stock had previously closed at $56.19.
Analyst Upgrades and Downgrades
Several analysts have weighed in on DT shares. Royal Bank Of Canada boosted their price objective on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. UBS Group boosted their price objective on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. The Goldman Sachs Group upped their target price on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. KeyCorp initiated coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price for the company. Finally, DA Davidson upped their target price on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.26.
Check Out Our Latest Stock Report on Dynatrace
Dynatrace Stock Down 2.7%
The business has a fifty day simple moving average of $53.61 and a 200-day simple moving average of $52.49. The firm has a market cap of $15.51 billion, a P/E ratio of 32.12, a P/E/G ratio of 4.49 and a beta of 0.91.
Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping 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 firm had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The company's quarterly revenue was up 16.9% on a year-over-year basis. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.
Insider Activity at Dynatrace
In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction on Monday, June 9th. The stock was 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 approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.59% of the company's stock.
Institutional Investors Weigh In On Dynatrace
A number of institutional investors have recently modified their holdings of DT. Jones Financial Companies Lllp grew its stake in shares of Dynatrace by 36.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,813 shares of the company's stock worth $99,000 after acquiring an additional 482 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock valued at $78,000 after buying an additional 911 shares during the last quarter. Atria Investments Inc boosted its position in shares of Dynatrace by 6.3% during the fourth quarter. Atria Investments Inc now owns 7,656 shares of the company's stock valued at $416,000 after buying an additional 455 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Dynatrace during the fourth quarter valued at $1,057,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Dynatrace by 3.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 34,731 shares of the company's stock valued at $1,888,000 after buying an additional 1,052 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.
About Dynatrace
(
Get Free Report)
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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