Royal Bank of Canada Increases Dynatrace (NYSE:DT) Price Target to $46.00

Dynatrace (NYSE:DTGet Rating) had its price objective increased by analysts at Royal Bank of Canada from $44.00 to $46.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 10.47% from the stock’s current price.

DT has been the subject of a number of other research reports. JMP Securities decreased their target price on Dynatrace from $80.00 to $50.00 and set a “market outperform” rating for the company in a report on Friday, May 20th. Rosenblatt Securities decreased their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, May 19th. Robert W. Baird decreased their price target on Dynatrace from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. Citigroup decreased their price target on Dynatrace from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, July 22nd. Finally, Truist Financial decreased their price target on Dynatrace from $60.00 to $57.00 and set a “buy” rating for the company in a report on Monday, July 18th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.94.

Dynatrace Trading Up 2.2 %

NYSE DT opened at $41.64 on Thursday. Dynatrace has a 12 month low of $29.41 and a 12 month high of $80.13. The company has a 50-day moving average of $39.67 and a 200-day moving average of $41.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $11.96 billion, a P/E ratio of 297.43, a P/E/G ratio of 5.51 and a beta of 1.30.

Dynatrace (NYSE:DTGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $246.54 million. During the same period in the prior year, the company earned $0.11 EPS. The company’s revenue was up 28.5% compared to the same quarter last year. As a group, equities analysts predict that Dynatrace will post 0.37 earnings per share for the current year.

Insider Activity

In other news, CRO Stephen J. Pace sold 3,972 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $34.27, for a total transaction of $136,120.44. Following the completion of the transaction, the executive now directly owns 71,438 shares in the company, valued at approximately $2,448,180.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CRO Stephen J. Pace sold 3,972 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $34.27, for a total transaction of $136,120.44. Following 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 filing with the SEC, which is accessible through this hyperlink. Also, CAO Alicia Allen sold 1,336 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $34.26, for a total value of $45,771.36. Following the sale, the chief accounting officer now directly owns 69,738 shares in the company, valued at $2,389,223.88. The disclosure for this sale can be found here. In the last three months, insiders sold 16,468 shares of company stock worth $564,303. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dynatrace

Institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Dynatrace by 133.9% during the 1st quarter. Signaturefd LLC now owns 753 shares of the company’s stock valued at $35,000 after acquiring an additional 431 shares in the last quarter. CWM LLC acquired a new stake in Dynatrace in the fourth quarter worth $48,000. Covestor Ltd acquired a new stake in Dynatrace in the fourth quarter worth $50,000. Parallel Advisors LLC increased its position in Dynatrace by 145.7% in the second quarter. Parallel Advisors LLC now owns 909 shares of the company’s stock worth $36,000 after buying an additional 539 shares during the period. Finally, Tcwp LLC acquired a new stake in Dynatrace in the first quarter worth $45,000. 93.84% of the stock is owned by institutional investors and hedge funds.

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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