Dynatrace (NYSE:DT) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Dynatrace (NYSE:DT) in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a $65.00 target price on the stock.

A number of other research analysts have also commented on the stock. Wells Fargo & Company dropped their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $64.00 in a research report on Monday, October 7th. Guggenheim lifted their target price on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wedbush began coverage on Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Dynatrace Stock Down 2.6 %

DT opened at $52.89 on Wednesday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The business’s 50 day moving average is $52.90 and its two-hundred day moving average is $48.38. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 101.71, a price-to-earnings-growth ratio of 8.30 and a beta of 1.06.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The firm had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. Dynatrace’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. Equities analysts expect that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now directly owns 41,471 shares in the company, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,022 shares of company stock valued at $3,397,904. Insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its stake in shares of Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares during the last quarter. Versant Capital Management Inc boosted its position in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Dynatrace in the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new stake in Dynatrace in the 2nd quarter worth approximately $32,000. Finally, Riverview Trust Co raised its holdings in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.