BNP Paribas Begins Coverage on Dynatrace (NYSE:DT)

Investment analysts at BNP Paribas initiated coverage on shares of Dynatrace (NYSE:DT) in a report issued on Tuesday, Briefing.com reports. The firm set a “neutral” rating and a $52.00 price target on the stock. BNP Paribas’ price target would suggest a potential downside of 2.62% from the company’s current price.

A number of other research analysts also recently issued reports on DT. Wedbush restated a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research note on Thursday, August 8th. BMO Capital Markets lifted their target price on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Barclays upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $64.00 in a research note on Monday. Piper Sandler assumed coverage on shares of Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.25.

Dynatrace Stock Performance

Shares of DT opened at $53.40 on Tuesday. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The stock has a market capitalization of $15.92 billion, a PE ratio of 102.69, a PEG ratio of 7.83 and a beta of 1.06. The stock has a 50-day simple moving average of $49.42 and a 200-day simple moving average of $46.97.

Dynatrace (NYSE:DT) last posted its quarterly earnings results 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 for 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%. Dynatrace’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. Analysts predict that Dynatrace will post 0.71 EPS for the current year.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This trade 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, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 completion of the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,426 shares of company stock valued at $3,804,069 over the last quarter. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DT. Vanguard Group Inc. lifted its holdings in shares of Dynatrace by 6.4% during the 1st 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 lifted its stake in shares of Dynatrace by 8.7% during the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock worth $338,053,000 after purchasing an additional 583,220 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after buying an additional 782,588 shares during the period. RGM Capital LLC grew its stake in shares of Dynatrace by 6.2% in the second 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 in the last quarter. Finally, Eminence Capital LP purchased a new stake in shares of Dynatrace during the 2nd quarter valued at about $158,369,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.