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

Dynatrace (NYSE:DT) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

DT has been the subject of a number of other reports. KeyCorp began coverage on Dynatrace in a report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 price target for the company. Guggenheim upped their price objective on Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Citigroup lowered their price objective on Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, August 18th. BMO Capital Markets lowered their price objective on Dynatrace from $63.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. Finally, Oppenheimer began coverage on Dynatrace in a research note on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $62.72.

Dynatrace Trading Up 0.1%

Shares of NYSE DT opened at $49.12 on Friday. Dynatrace has a twelve month low of $39.30 and a twelve month high of $63.00. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 4.32 and a beta of 0.91. The business has a 50 day simple moving average of $50.85 and a 200-day simple moving average of $50.64.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts predict that Dynatrace will post 0.68 earnings per share for the current year.

Insider Buying and Selling at Dynatrace

In related news, Director Lisa M. Campbell sold 1,013 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the transaction, the director owned 1,012 shares of the company’s stock, valued at $50,367.24. This trade represents a 50.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the transaction, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at $1,125,268.95. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,099 shares of company stock valued at $154,429. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock valued at $342,000 after buying an additional 177 shares in the last quarter. Quent Capital LLC boosted its stake in Dynatrace by 4.6% during the second quarter. Quent Capital LLC now owns 4,288 shares of the company’s stock valued at $237,000 after buying an additional 190 shares in the last quarter. BNP Paribas boosted its stake in Dynatrace by 0.6% during the second quarter. BNP Paribas now owns 36,563 shares of the company’s stock valued at $2,019,000 after buying an additional 218 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Dynatrace by 0.7% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company’s stock valued at $1,686,000 after buying an additional 249 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in Dynatrace by 15.4% during the second quarter. SBI Securities Co. Ltd. now owns 1,869 shares of the company’s stock valued at $103,000 after buying an additional 249 shares in the last quarter. 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.