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

Rosenblatt Securities reaffirmed their buy rating on shares of Dynatrace (NYSE:DT) in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a $65.00 target price on the stock.

A number of other brokerages also recently issued reports on DT. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Scotiabank increased their price target on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. BNP Paribas started coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price for the company. Jefferies Financial Group increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Barclays upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $64.00 in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $52.89 on Wednesday. The company has a fifty day moving average of $52.90 and a 200 day moving average of $48.38. The company has a market capitalization of $15.76 billion, a P/E ratio of 101.64, a P/E/G ratio of 8.02 and a beta of 1.06. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

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

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. This trade represents 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. In related news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 $10,810,185.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 $33,505,230.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock valued at $3,397,904 over the last quarter. 0.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently modified their holdings of DT. Eminence Capital LP acquired a new position in Dynatrace during the 2nd quarter valued at approximately $158,369,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Dynatrace in the 1st quarter valued at $133,701,000. Assenagon Asset Management S.A. raised its stake in shares of Dynatrace by 1,146.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after buying an additional 2,030,915 shares during the last quarter. Vanguard Group Inc. grew its stake 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 worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock valued at $62,176,000 after purchasing an additional 1,029,387 shares during the period. 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 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.