Dynatrace (NYSE:DT) Upgraded to "Buy" at Wall Street Zen

Key Points

• Dynatrace stock has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating increased analyst confidence in the company's future performance.
• The current average price target for Dynatrace shares is $62.63, with a consensus rating of "Moderate Buy" among analysts.
• Dynatrace reported earnings of $0.42 per share for the last quarter, exceeding analyst estimates and showing a revenue increase of 19.5% year-over-year.

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

A number of other brokerages have also issued reports on DT. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Morgan Stanley set a $55.00 target price on shares of Dynatrace in a research note on Thursday, May 15th. Guggenheim lifted their target price on shares of Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Citigroup decreased their target price 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. Finally, BMO Capital Markets decreased their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.72.

Dynatrace Stock Up 1.5%

Shares of NYSE:DT traded up $0.76 during trading on Monday, reaching $50.88. 3,344,957 shares of the company traded hands, compared to its average volume of 3,051,004. The firm has a fifty day simple moving average of $52.12 and a 200 day simple moving average of $51.56. The firm has a market cap of $15.34 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 4.18 and a beta of 0.91. Dynatrace has a 1-year low of $39.30 and a 1-year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results 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. The company had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. As a group, research analysts anticipate that Dynatrace will post 0.68 EPS for the current year.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace 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 transaction, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.57% of the stock is owned by company insiders.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors grew its position in Dynatrace by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock worth $342,000 after purchasing an additional 177 shares during the last quarter. Quent Capital LLC grew its position in Dynatrace by 4.6% in the 2nd quarter. Quent Capital LLC now owns 4,288 shares of the company's stock worth $237,000 after purchasing an additional 190 shares during the last quarter. BNP Paribas grew its position in Dynatrace by 0.6% in the 2nd quarter. BNP Paribas now owns 36,563 shares of the company's stock worth $2,019,000 after purchasing an additional 218 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Dynatrace by 0.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company's stock worth $1,686,000 after purchasing an additional 249 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Dynatrace by 15.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,869 shares of the company's stock worth $103,000 after purchasing an additional 249 shares during 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.