Dynatrace (NYSE:DT) Upgraded at Guggenheim

Guggenheim upgraded shares of Dynatrace (NYSE:DT) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has $66.00 price target on the stock.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group upped their price target on Dynatrace from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. DA Davidson upped their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Morgan Stanley set a $55.00 price target on Dynatrace in a research report on Thursday, May 15th. Royal Bank Of Canada upped their price target on Dynatrace from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Finally, Loop Capital dropped their price target on Dynatrace from $55.00 to $44.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.35.

Dynatrace Stock Down 0.1%

NYSE:DT opened at $54.18 on Wednesday. The business’s 50 day moving average is $54.21 and its two-hundred day moving average is $52.42. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a market cap of $16.35 billion, a PE ratio of 33.86, a P/E/G ratio of 4.74 and a beta of 0.91.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. As a group, sell-side analysts expect that Dynatrace will post 0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 15,824 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president owned 17,242 shares of the company’s stock, valued at $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Eastern Bank acquired a new position in Dynatrace during the second quarter worth about $35,000. Coppell Advisory Solutions LLC grew its holdings in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after acquiring an additional 669 shares during the period. CX Institutional acquired a new position in Dynatrace during the first quarter worth about $40,000. Huntington National Bank grew its holdings in Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after acquiring an additional 606 shares during the period. Finally, Brooklyn Investment Group grew its holdings in Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after acquiring an additional 800 shares during the period. 94.28% of the stock is 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.