Dynatrace (NYSE:DT) Price Target Raised to $60.00

Dynatrace (NYSE:DT) had its target price boosted by JPMorgan Chase & Co. from $55.00 to $60.00 in a research note issued to investors on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts have also commented on the stock. Wedbush started coverage on shares of Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Wells Fargo & Company lowered their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Scotiabank raised their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.46.

Dynatrace Stock Performance

Dynatrace stock opened at $54.10 on Wednesday. The company has a market capitalization of $16.12 billion, a P/E ratio of 104.04, a PEG ratio of 8.09 and a beta of 1.06. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock has a 50-day simple moving average of $52.45 and a 200-day simple moving average of $48.06.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, analysts forecast that Dynatrace will post 0.71 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Dynatrace

A number of institutional investors have recently modified their holdings of DT. Vanguard Group Inc. grew its stake in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after acquiring an additional 1,680,971 shares in the last quarter. Janus Henderson Group PLC grew its stake in Dynatrace by 8.7% during the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after purchasing an additional 583,220 shares in the last quarter. American Century Companies Inc. increased its holdings in Dynatrace by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after purchasing an additional 782,588 shares during the last quarter. RGM Capital LLC boosted its stake in shares of Dynatrace by 6.2% during the 2nd quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after buying an additional 225,000 shares during the last quarter. Finally, Eminence Capital LP acquired a new stake in shares of Dynatrace during the second quarter worth approximately $158,369,000. 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.