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

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 Saturday.

Several other brokerages have also weighed in on DT. KeyCorp assumed coverage on Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price target for the company. UBS Group raised their price objective on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. The Goldman Sachs Group upped their target price on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. Finally, Wedbush reissued an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.75.

Dynatrace Price Performance

DT stock opened at $54.41 on Friday. The firm's fifty day simple moving average is $50.57 and its 200-day simple moving average is $52.60. The company has a market capitalization of $16.31 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 4.86 and a beta of 0.92. Dynatrace has a 12 month low of $39.30 and a 12 month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The business had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same period in the prior year, the firm earned $0.30 EPS. The business's revenue for the quarter was up 16.9% on a year-over-year basis. As a group, sell-side analysts forecast that Dynatrace will post 0.68 earnings per share for the current year.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president now directly owns 17,242 shares of the company's stock, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.59% of the company's stock.

Hedge Funds Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently made changes to their positions in DT. Union Bancaire Privee UBP SA purchased a new position in shares of Dynatrace in the 4th quarter valued at about $6,430,000. Principal Financial Group Inc. boosted its stake in shares of Dynatrace by 6.1% in the 4th quarter. Principal Financial Group Inc. now owns 772,101 shares of the company's stock valued at $41,964,000 after buying an additional 44,479 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Dynatrace by 13.3% in the 4th quarter. CIBC Asset Management Inc now owns 11,864 shares of the company's stock valued at $645,000 after buying an additional 1,390 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Dynatrace by 15.6% in the 4th quarter. D.A. Davidson & CO. now owns 10,314 shares of the company's stock valued at $561,000 after buying an additional 1,390 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Dynatrace by 87.6% in the 4th quarter. Venturi Wealth Management LLC now owns 4,153 shares of the company's stock valued at $226,000 after buying an additional 1,939 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

About Dynatrace

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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