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

Dynatrace (NYSE:DT - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

DT has been the topic of a number of other research reports. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Loop Capital lowered their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. DA Davidson boosted their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Barclays raised their target price on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Finally, Royal Bank Of Canada upped their price target on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $61.75.

Dynatrace Stock Up 2.2%

DT stock traded up $1.18 on Friday, reaching $55.75. 2,151,523 shares of the company's stock were exchanged, compared to its average volume of 3,008,879. Dynatrace has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market cap of $16.71 billion, a PE ratio of 34.84, a P/E/G ratio of 4.75 and a beta of 0.92. The stock has a fifty day moving average of $50.79 and a 200-day moving average of $52.49.

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

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the 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 sale, the executive vice president now directly owns 17,242 shares of the company's stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Dynatrace during the fourth quarter valued at approximately $38,000. Coppell Advisory Solutions LLC lifted its stake in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares during the last quarter. CX Institutional acquired a new stake in Dynatrace in the first quarter valued at approximately $40,000. Finally, Brooklyn Investment Group grew its position in Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after acquiring an additional 800 shares in 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.