Dynatrace (NYSE:DT) Posts Earnings Results, Beats Expectations By $0.02 EPS

Dynatrace (NYSE:DTGet Rating) posted its quarterly earnings data on Wednesday. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02, Briefing.com reports. The business had revenue of $252.60 million for the quarter, compared to analyst estimates of $246.54 million. Dynatrace had a return on equity of 9.71% and a net margin of 8.99%. The business’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share.

Shares of NYSE:DT traded up $1.71 during mid-day trading on Thursday, hitting $34.83. 45,593 shares of the company traded hands, compared to its average volume of 3,667,049. The firm has a market cap of $9.95 billion, a P/E ratio of 122.67, a PEG ratio of 5.77 and a beta of 1.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.14. Dynatrace has a 52-week low of $29.41 and a 52-week high of $80.13. The firm’s 50 day simple moving average is $41.42 and its 200 day simple moving average is $50.92.

A number of research firms recently commented on DT. JMP Securities reaffirmed a “buy” rating and set a $80.00 price objective on shares of Dynatrace in a research note on Tuesday, March 8th. Robert W. Baird decreased their price target on Dynatrace from $60.00 to $50.00 in a research note on Thursday. Citigroup decreased their price target on Dynatrace from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, February 3rd. Canaccord Genuity Group decreased their price target on Dynatrace from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 3rd. Finally, BTIG Research lowered Dynatrace from a “buy” rating to a “neutral” rating in a research note on Thursday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $62.00.

In other Dynatrace news, Director Paul Andrew Zuber sold 2,500 shares of Dynatrace stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $43.83, for a total transaction of $109,575.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Stephen J. Pace sold 3,972 shares of Dynatrace stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $34.27, for a total value of $136,120.44. Following the sale, the executive now owns 71,438 shares in the company, valued at $2,448,180.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,968 shares of company stock worth $673,878. Company insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. NEXT Financial Group Inc increased its holdings in shares of Dynatrace by 135.3% in the 4th quarter. NEXT Financial Group Inc now owns 800 shares of the company’s stock valued at $48,000 after acquiring an additional 460 shares during the last quarter. KB Financial Partners LLC bought a new stake in shares of Dynatrace in the 4th quarter valued at approximately $54,000. Canada Pension Plan Investment Board bought a new stake in shares of Dynatrace in the 1st quarter valued at approximately $85,000. Penserra Capital Management LLC boosted its position in Dynatrace by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 2,046 shares of the company’s stock valued at $96,000 after purchasing an additional 682 shares during the period. Finally, Captrust Financial Advisors boosted its position in Dynatrace by 68.1% during the 1st quarter. Captrust Financial Advisors now owns 2,052 shares of the company’s stock valued at $97,000 after purchasing an additional 831 shares during the period. Institutional investors and hedge funds own 93.84% of the company’s stock.

About Dynatrace (Get Rating)

Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform for running and optimizing the applications and services. The company's products include AppMon that works in various application environments, such as Java, .NET, PHP, Node.js, GoLang, SQL, NoSQL, CICS, IMS, AWS Lambda, Google Cloud Functions, and Microsoft Azure Functions; and Classic Real User Monitoring.

Further Reading

Earnings History for Dynatrace (NYSE:DT)

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