Dynatrace (NYSE:DT) Rating Lowered to “Hold” at Wall Street Zen

Dynatrace (NYSE:DT) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other research firms have also recently commented on DT. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. Guggenheim upped their target price on shares of Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. BMO Capital Markets reduced their price target on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Barclays increased their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. Finally, Wedbush reissued an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.57.

Dynatrace Trading Up 1.7%

Shares of DT opened at $48.21 on Friday. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a 50-day moving average price of $53.00 and a 200 day moving average price of $52.08. The firm has a market capitalization of $14.54 billion, a P/E ratio of 29.58, a P/E/G ratio of 4.19 and a beta of 0.91.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Dynatrace’s quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts predict that Dynatrace will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 15,824 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the sale, the executive vice president owned 17,242 shares of the company’s stock, valued at $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently added to or reduced their stakes in DT. Jump Financial LLC purchased a new position in Dynatrace in the fourth quarter valued at approximately $1,240,000. NewEdge Advisors LLC increased its stake in Dynatrace by 14.4% in the fourth quarter. NewEdge Advisors LLC now owns 7,289 shares of the company’s stock valued at $396,000 after purchasing an additional 916 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Dynatrace by 657.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 28,800 shares of the company’s stock valued at $1,565,000 after purchasing an additional 25,000 shares during the last quarter. Commerce Bank increased its stake in Dynatrace by 3.3% in the fourth quarter. Commerce Bank now owns 128,328 shares of the company’s stock valued at $6,975,000 after purchasing an additional 4,115 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in Dynatrace by 49.5% in the fourth quarter. GeoWealth Management LLC now owns 1,027 shares of the company’s stock valued at $56,000 after purchasing an additional 340 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.