Dynatrace, Inc. (NYSE:DT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Dynatrace, Inc. (NYSE:DT) has been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $61.04.

Several research firms recently issued reports on DT. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Monday. Scotiabank boosted their price target on Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 5th. Truist Financial raised their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Dynatrace in a report on Friday, February 9th. Finally, JMP Securities raised their price target on shares of Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a research note on Friday, February 2nd.

Dynatrace Price Performance

Shares of NYSE:DT opened at $45.46 on Wednesday. The business’s 50 day moving average price is $51.05 and its 200-day moving average price is $50.95. Dynatrace has a 1 year low of $40.27 and a 1 year high of $61.41. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 69.30, a price-to-earnings-growth ratio of 4.72 and a beta of 1.07.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The business had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. On average, sell-side analysts expect that Dynatrace will post 0.62 earnings per share for the current year.

Insider Transactions at Dynatrace

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction on Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,285,187 shares of company stock valued at $751,264,421. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new position in shares of Dynatrace in the 4th quarter valued at $25,000. Quarry LP acquired a new position in Dynatrace in the first quarter valued at $26,000. DSM Capital Partners LLC purchased a new position in Dynatrace during the 4th quarter worth approximately $28,000. Advisory Services Network LLC grew its position in shares of Dynatrace by 50.9% during the first quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after acquiring an additional 223 shares during the last quarter. Finally, NewSquare Capital LLC purchased a new position in Dynatrace during the 4th quarter worth $32,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Dynatrace

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.