BTIG Research Increases Dynatrace (NYSE:DT) Price Target to $63.00

Dynatrace (NYSE:DT) had its price objective hoisted by analysts at BTIG Research from $57.00 to $63.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 16.39% from the company’s current price.

Several other equities research analysts have also commented on DT. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Wedbush began coverage on shares of Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price on the stock. Loop Capital lowered their price target on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Wells Fargo & Company dropped their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Scotiabank lifted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.46.

Dynatrace Trading Up 1.7 %

Shares of DT stock opened at $54.13 on Wednesday. The firm has a fifty day simple moving average of $51.83 and a two-hundred day simple moving average of $47.70. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The firm has a market capitalization of $16.14 billion, a PE ratio of 103.83, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The company had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities analysts predict that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares in the company, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock valued at $3,397,904 over the last ninety days. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Dynatrace

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Dynatrace in the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new stake in Dynatrace in the second quarter worth $32,000. Finally, Riverview Trust Co increased its holdings in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.