Wall Street Zen Downgrades Dynatrace (NYSE:DT) to Hold

Dynatrace (NYSE:DT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other analysts also recently issued research reports about the stock. Bank of America lifted their price target on shares of Dynatrace from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. DA Davidson lifted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Royal Bank Of Canada lifted their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. BMO Capital Markets cut their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Finally, Barclays lifted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, May 15th. One equities research 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. According to MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $62.72.

Dynatrace Stock Down 0.5%

NYSE:DT opened at $50.26 on Tuesday. The company has a fifty day moving average of $51.68 and a 200-day moving average of $51.18. Dynatrace has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market capitalization of $15.15 billion, a P/E ratio of 30.84, a P/E/G ratio of 4.45 and a beta of 0.91.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same quarter last year, the firm posted $0.33 EPS. Dynatrace’s revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that Dynatrace will post 0.68 EPS for the current fiscal year.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds have recently made changes to their positions in DT. Dragoneer Investment Group LLC bought a new stake in shares of Dynatrace during the 4th quarter worth $242,380,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Dynatrace by 79.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company’s stock worth $329,477,000 after purchasing an additional 3,092,576 shares during the period. Scge Management L.P. bought a new stake in Dynatrace in the 2nd quarter valued at about $155,858,000. Ameriprise Financial Inc. raised its stake in Dynatrace by 146.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company’s stock valued at $128,638,000 after acquiring an additional 1,621,136 shares during the period. Finally, Norges Bank bought a new stake in Dynatrace in the 2nd quarter valued at about $87,620,000. 94.28% of the stock is currently owned by institutional investors.

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.