Dynatrace, Inc. (NYSE:DT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Dynatrace, Inc. (NYSE:DT) have earned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $61.08.

Several equities analysts have recently issued reports on DT shares. Barclays lowered their price objective on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Wolfe Research assumed coverage on shares of Dynatrace in a report on Monday, March 18th. They issued an “outperform” rating and a $60.00 target price for the company. TD Cowen decreased their target price on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a report on Friday, April 19th. Rosenblatt Securities raised their target price on shares of Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Citigroup raised their target price on shares of Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, January 22nd.

Insiders Place Their Bets

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares in the company, valued at $847,614,494.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the sale, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of 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 have sold 14,278,591 shares of company stock worth $750,893,396 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several institutional investors and hedge funds have recently made changes to their positions in DT. Vontobel Holding Ltd. boosted its stake in shares of Dynatrace by 9.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 21,132 shares of the company’s stock valued at $987,000 after purchasing an additional 1,834 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in shares of Dynatrace by 286.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,376 shares of the company’s stock valued at $71,000 after purchasing an additional 1,020 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new stake in shares of Dynatrace in the 3rd quarter valued at $348,000. DnB Asset Management AS boosted its stake in shares of Dynatrace by 9.7% in the 3rd quarter. DnB Asset Management AS now owns 46,640 shares of the company’s stock valued at $2,179,000 after purchasing an additional 4,143 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Dynatrace in the 3rd quarter valued at $650,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT opened at $46.61 on Friday. The firm’s 50 day moving average is $47.07 and its 200-day moving average is $50.81. The stock has a market capitalization of $13.72 billion, a P/E ratio of 70.62, a P/E/G ratio of 3.97 and a beta of 1.07. Dynatrace has a 12-month low of $40.57 and a 12-month high of $61.41.

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

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.