Dynatrace (DT) to Release Earnings on Wednesday

Dynatrace (NYSE:DT) will announce its earnings results before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. On average, analysts expect Dynatrace to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Dynatrace Stock Performance

NYSE DT opened at $46.77 on Wednesday. The company has a market cap of $13.77 billion, a P/E ratio of 70.86, a P/E/G ratio of 3.95 and a beta of 1.06. The business’s 50 day moving average price is $46.47 and its 200-day moving average price is $50.76. Dynatrace has a fifty-two week low of $43.29 and a fifty-two week high of $61.41.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Scotiabank raised their target price on shares of Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Monday, February 5th. Citigroup raised their price target on shares of Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Truist Financial upped their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Rosenblatt Securities lifted their price target on shares of Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, TD Cowen dropped their price objective on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.08.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Rick M. Mcconnell sold 1,991 shares of Dynatrace stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the sale, the chief executive officer now owns 514,106 shares of the company’s stock, valued at $26,687,242.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the transaction, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The disclosure for this sale can be found here. Insiders have sold a total of 14,278,591 shares of company stock worth $750,893,396 in the last ninety days. 0.54% of the stock is owned by insiders.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.