Dynatrace, Inc. (NYSE:DT) Given Consensus Rating of “Buy” by Brokerages

Shares of Dynatrace, Inc. (NYSE:DT – Get Rating) have received a consensus rating of “Buy” from the twenty ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $58.69.

Several equities research analysts have commented on the company. JMP Securities cut their target price on Dynatrace from $80.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Friday. Royal Bank of Canada dropped their price objective on Dynatrace from $65.00 to $47.00 in a research note on Friday, May 13th. Canaccord Genuity Group dropped their price objective on Dynatrace from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 3rd. Needham & Company LLC dropped their price objective on Dynatrace from $56.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Zacks Investment Research cut Dynatrace from a “hold” rating to a “sell” rating in a research note on Monday, April 4th.

In other news, CAO Alicia Allen sold 1,336 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $34.26, for a total transaction of $45,771.36. Following the completion of the transaction, the chief accounting officer now directly owns 69,738 shares in the company, valued at $2,389,223.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Andrew Zuber sold 2,500 shares of the firm’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $43.83, for a total value of $109,575.00. The disclosure for this sale can be found here. Insiders sold 18,968 shares of company stock valued at $673,878 over the last quarter. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of DT. Signaturefd LLC raised its position in shares of Dynatrace by 133.9% during the first quarter. Signaturefd LLC now owns 753 shares of the company’s stock worth $35,000 after acquiring an additional 431 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Dynatrace during the third quarter worth approximately $44,000. Tcwp LLC acquired a new stake in Dynatrace during the first quarter worth approximately $45,000. CWM LLC acquired a new stake in Dynatrace in the fourth quarter valued at approximately $48,000. Finally, NEXT Financial Group Inc grew its stake in Dynatrace by 135.3% in the fourth 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 period. Institutional investors own 93.84% of the company’s stock.

Shares of DT opened at $37.97 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50 day simple moving average of $41.34 and a 200 day simple moving average of $50.24. Dynatrace has a 52-week low of $29.41 and a 52-week high of $80.13. The firm has a market capitalization of $10.85 billion, a PE ratio of 210.96, a P/E/G ratio of 6.36 and a beta of 1.60.

Dynatrace (NYSE:DT – Get Rating) last released its earnings results on Wednesday, May 18th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $252.60 million for the quarter, compared to analysts’ expectations of $246.54 million. Dynatrace had a return on equity of 8.59% and a net margin of 5.64%. The business’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. Equities research analysts predict that Dynatrace will post 0.45 EPS for the current fiscal year.

Dynatrace Company Profile (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.

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