Rosenblatt Securities Reiterates “Buy” Rating for Dynatrace (NYSE:DT)

Dynatrace (NYSE:DT)‘s stock had its “buy” rating reaffirmed by equities research analysts at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $67.00 price target on the stock. Rosenblatt Securities’ price target points to a potential upside of 26.20% from the company’s previous close.

A number of other equities research analysts have also recently commented on DT. Morgan Stanley reduced their target price on shares of Dynatrace from $62.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Loop Capital reduced their target price on shares of Dynatrace from $55.00 to $44.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus upped their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average price target of $60.41.

Dynatrace Price Performance

NYSE DT opened at $53.09 on Tuesday. Dynatrace has a 1 year low of $39.30 and a 1 year high of $63.00. The company has a market capitalization of $15.89 billion, a PE ratio of 33.18, a P/E/G ratio of 7.05 and a beta of 0.95. The company has a fifty day moving average of $46.82 and a two-hundred day moving average of $52.65.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.14). Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. On average, research analysts expect that Dynatrace will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is currently owned by company insiders.

Institutional Trading of Dynatrace

Several large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares during the period. Captrust Financial Advisors raised its stake in Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after purchasing an additional 177 shares during the period. Quadrant Capital Group LLC raised its stake in Dynatrace by 6.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after purchasing an additional 216 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in shares of Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock valued at $500,000 after acquiring an additional 222 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Dynatrace by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock valued at $3,583,000 after acquiring an additional 253 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.