Dynatrace, Inc. (NYSE:DT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Dynatrace, Inc. (NYSE:DTGet Rating) have been given an average rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $58.69.

A number of research analysts have commented on the company. JMP Securities lowered their price target on Dynatrace from $80.00 to $50.00 and set a “market outperform” rating for the company in a research report on Friday, May 20th. Robert W. Baird lowered their price target on Dynatrace from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, May 19th. Needham & Company LLC lowered their price target on Dynatrace from $56.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Canaccord Genuity Group decreased their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Finally, Truist Financial decreased their target price on Dynatrace from $70.00 to $60.00 in a research report on Tuesday, May 10th.

In other news, CAO Alicia Allen sold 1,336 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $34.26, for a total value of $45,771.36. Following the transaction, the chief accounting officer now directly owns 69,738 shares in the company, valued at $2,389,223.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Stephen J. Pace sold 3,972 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $34.27, for a total value of $136,120.44. Following the completion of the transaction, the executive now owns 71,438 shares in the company, valued at $2,448,180.26. The disclosure for this sale can be found here. Insiders have sold 16,468 shares of company stock worth $564,303 over the last quarter. 0.88% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of DT. Signaturefd LLC lifted its position in shares of Dynatrace by 133.9% in the first quarter. Signaturefd LLC now owns 753 shares of the company’s stock worth $35,000 after buying an additional 431 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Dynatrace in the third quarter worth about $44,000. Tcwp LLC purchased a new stake in shares of Dynatrace in the first quarter worth about $45,000. CWM LLC purchased a new stake in shares of Dynatrace in the fourth quarter worth about $48,000. Finally, Webster Bank N. A. purchased a new stake in shares of Dynatrace in the first quarter worth about $49,000. Institutional investors own 93.84% of the company’s stock.

Shares of NYSE DT opened at $40.46 on Thursday. The firm has a market capitalization of $11.61 billion, a P/E ratio of 224.79, a P/E/G ratio of 8.31 and a beta of 1.60. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $38.58 and its two-hundred day simple moving average is $45.84. Dynatrace has a twelve month low of $29.41 and a twelve month high of $80.13.

Dynatrace (NYSE:DTGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $252.60 million during the quarter, compared to analysts’ expectations of $246.54 million. Dynatrace had a return on equity of 8.44% and a net margin of 5.64%. The company’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. As a group, research analysts anticipate that Dynatrace will post 0.37 EPS for the current fiscal year.

About Dynatrace (Get Rating)

Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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Analyst Recommendations for Dynatrace (NYSE:DT)

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