Wedbush Initiates Coverage on Dynatrace (NYSE:DT)

Wedbush began coverage on shares of Dynatrace (NYSE:DT) in a report released on Thursday, MarketBeat reports. The firm issued an outperform rating and a $67.00 target price on the stock.

Other research analysts have also recently issued research reports about the stock. BNP Paribas initiated coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Piper Sandler began coverage on Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price objective for the company. BMO Capital Markets increased their target price on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $64.00 in a report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.57.

Dynatrace Stock Up 1.6 %

NYSE DT opened at $54.86 on Thursday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The business’s fifty day simple moving average is $51.45 and its 200-day simple moving average is $47.54. The firm has a market cap of $16.36 billion, a PE ratio of 105.50, a P/E/G ratio of 7.93 and a beta of 1.06.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. Research analysts expect that Dynatrace will post 0.71 EPS for the current year.

Insider Buying and Selling

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s 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 directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock worth $3,397,904 over the last 90 days. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Dynatrace

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its position in Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace during the second quarter worth about $26,000. Versant Capital Management Inc increased its position in Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 572 shares during the period. Riverview Trust Co raised its stake in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares during the last quarter. Finally, Rise Advisors LLC acquired a new stake in Dynatrace during the 1st quarter worth approximately $30,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.