Dynatrace (NYSE:DT) Receives “Buy” Rating from Rosenblatt Securities

Dynatrace (NYSE:DT)‘s stock had its “buy” rating restated by Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They currently have a $67.00 target price on the stock. Rosenblatt Securities’ price target indicates a potential upside of 26.20% from the stock’s current price.

Several other research firms also recently issued reports on DT. UBS Group dropped their price target on shares of Dynatrace from $62.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Barclays dropped their price target on shares of Dynatrace from $67.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Royal Bank of Canada lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and fifteen 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 price target of $60.41.

Dynatrace Trading Up 5.0%

Shares of DT stock opened at $53.09 on Tuesday. The company’s fifty day simple moving average is $46.82 and its 200-day simple moving average is $52.65. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a market cap of $15.89 billion, a PE ratio of 33.18, a P/E/G ratio of 7.05 and a beta of 0.95.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, May 14th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. Equities research analysts expect that Dynatrace will post 0.68 EPS for the current fiscal year.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds have recently bought and sold shares of DT. Smartleaf Asset Management LLC raised its position in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after buying an additional 176 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Dynatrace by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after buying an additional 177 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Dynatrace by 6.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after buying an additional 216 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Dynatrace by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after buying an additional 222 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Dynatrace by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock worth $3,583,000 after buying an additional 253 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

About Dynatrace

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.