Dynatrace (NYSE:DT) Earns Buy Rating from Rosenblatt Securities

Dynatrace (NYSE:DT)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a research report issued on Wednesday,Benzinga reports. They presently have a $65.00 price target on the stock. Rosenblatt Securities’ target price suggests a potential upside of 19.66% from the company’s previous close.

Several other brokerages have also commented on DT. Scotiabank lifted their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. BNP Paribas started coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. BTIG Research increased their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Guggenheim upped their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Wells Fargo & Company reduced 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. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $60.46.

Dynatrace Stock Performance

Shares of DT stock opened at $54.32 on Wednesday. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41. The company has a 50-day simple moving average of $52.77 and a two-hundred day simple moving average of $48.29. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 104.96, a PEG ratio of 8.02 and a beta of 1.06.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The business 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%. The business’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, sell-side analysts forecast that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. 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 in the last quarter. Insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Dynatrace by 6.4% in 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 during the last quarter. Janus Henderson Group PLC increased its stake in Dynatrace by 8.7% in the 1st 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 during the period. American Century Companies Inc. lifted its position in Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after purchasing an additional 782,588 shares during the last quarter. RGM Capital LLC boosted its stake in shares of Dynatrace by 6.2% during the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after purchasing an additional 225,000 shares during the period. Finally, Eminence Capital LP purchased a new stake in shares of Dynatrace during the second quarter valued at approximately $158,369,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.