Dynatrace (NYSE:DT) Shares Gap Up to $44.43

Dynatrace, Inc. (NYSE:DT)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $44.43, but opened at $46.14. Dynatrace shares last traded at $45.70, with a volume of 518,552 shares traded.

Analysts Set New Price Targets

DT has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Dynatrace in a research note on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 price target for the company. Barclays dropped their price target on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 20th. JMP Securities lifted their price target on shares of Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Dynatrace in a research note on Friday, February 9th. Finally, TD Cowen decreased their price objective on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a report on Friday. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $61.08.

Dynatrace Price Performance

The company has a market cap of $13.37 billion, a price-to-earnings ratio of 68.79, a P/E/G ratio of 3.81 and a beta of 1.07. The firm’s fifty day moving average price is $47.55 and its 200-day moving average price is $50.83.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. As a group, equities analysts forecast that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares in the company, valued at $847,614,494.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the sale, the chief executive officer now owns 514,106 shares in the company, valued at approximately $26,687,242.46. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock valued at $750,893,396 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC grew its stake in Dynatrace by 35.9% during the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after acquiring an additional 187 shares in the last quarter. Advisory Services Network LLC grew its stake in Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares in the last quarter. 1492 Capital Management LLC grew its stake in Dynatrace by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock valued at $1,266,000 after acquiring an additional 224 shares in the last quarter. Avior Wealth Management LLC grew its stake in Dynatrace by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock valued at $376,000 after acquiring an additional 234 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Dynatrace by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock valued at $416,000 after acquiring an additional 240 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.