Dynatrace’s (DT) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Dynatrace (NYSE:DT) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $67.00 price target on the stock.

A number of other analysts have also recently commented on DT. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. DA Davidson upped their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday. Jefferies Financial Group lowered their price objective on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, April 7th. BMO Capital Markets upped their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Tuesday, May 13th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.22.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $53.35 on Friday. The firm has a fifty day moving average of $46.98 and a two-hundred day moving average of $52.60. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 7.05 and a beta of 0.95. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The company had revenue of $445.17 million during the quarter, compared to analysts’ expectations of $435.14 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, research analysts forecast that Dynatrace will post 0.68 EPS for the current fiscal year.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently modified their holdings of the stock. Ascent Group LLC bought a new position in shares of Dynatrace in the 1st quarter valued at about $244,000. Meiji Yasuda Life Insurance Co grew its holdings in shares of Dynatrace by 8.7% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 12,506 shares of the company’s stock valued at $590,000 after acquiring an additional 1,006 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Dynatrace in the 1st quarter valued at about $715,000. Jones Financial Companies Lllp grew its holdings in shares of Dynatrace by 19.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock valued at $102,000 after acquiring an additional 348 shares in the last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in shares of Dynatrace by 1.6% in the 1st quarter. Temasek Holdings Private Ltd now owns 398,754 shares of the company’s stock valued at $18,801,000 after acquiring an additional 6,389 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.