Needham & Company LLC Increases Dynatrace (NYSE:DT) Price Target to $50.00

Dynatrace (NYSE:DTGet Rating) had its price objective upped by stock analysts at Needham & Company LLC from $42.00 to $50.00 in a note issued to investors on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 20.08% from the stock’s previous close.

Several other analysts have also recently commented on the company. Robert W. Baird reduced their target price on Dynatrace from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. Citigroup dropped their price target on Dynatrace from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, July 22nd. TheStreet raised Dynatrace from a “d+” rating to a “c” rating in a research note on Thursday, June 23rd. JMP Securities dropped their price target on Dynatrace from $80.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Friday, May 20th. Finally, Barclays dropped their price target on Dynatrace from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, May 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Dynatrace Stock Performance

Shares of DT stock opened at $41.64 on Thursday. The business’s 50 day simple moving average is $39.67 and its 200 day simple moving average is $41.67. Dynatrace has a one year low of $29.41 and a one year high of $80.13. The stock has a market capitalization of $11.96 billion, a PE ratio of 297.43, a PEG ratio of 5.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.10.

Dynatrace (NYSE:DTGet Rating) last announced its earnings results on Wednesday, May 18th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Dynatrace had a net margin of 4.18% and a return on equity of 7.93%. The company had revenue of $252.60 million during the quarter, compared to the consensus estimate of $246.54 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The business’s revenue was up 28.5% on a year-over-year basis. As a group, research analysts forecast that Dynatrace will post 0.37 earnings per share for the current year.

Insider Activity at Dynatrace

In related news, CRO Stephen J. Pace sold 3,972 shares of the stock in a transaction 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 completion of the sale, the executive now directly owns 71,438 shares of the company’s stock, valued at approximately $2,448,180.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CRO Stephen J. Pace sold 3,972 shares of the stock in a transaction 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 completion of the sale, the executive now directly owns 71,438 shares of the company’s stock, valued at approximately $2,448,180.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bernd Greifeneder sold 6,927 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $34.27, for a total value of $237,388.29. Following the completion of the sale, the senior vice president now directly owns 856,942 shares of the company’s stock, valued at $29,367,402.34. The disclosure for this sale can be found here. In the last three months, insiders sold 16,468 shares of company stock valued at $564,303. 0.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DT. National Bank of Canada FI bought a new position in Dynatrace in the 4th quarter valued at $70,000. Commonwealth Equity Services LLC grew its stake in Dynatrace by 8.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 28,091 shares of the company’s stock valued at $1,695,000 after purchasing an additional 2,260 shares during the period. State of New Jersey Common Pension Fund D grew its stake in Dynatrace by 2.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 107,688 shares of the company’s stock valued at $6,499,000 after purchasing an additional 2,096 shares during the period. CWM LLC bought a new position in Dynatrace in the 4th quarter valued at $48,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in Dynatrace by 134.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 155,757 shares of the company’s stock valued at $9,400,000 after purchasing an additional 89,220 shares during the period. Institutional investors own 93.84% of the company’s stock.

About Dynatrace

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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Analyst Recommendations for Dynatrace (NYSE:DT)

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