Dynatrace (NYSE:DT) Stock Rating Upgraded by Wall Street Zen

Dynatrace (NYSE:DT) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Monday.

DT has been the subject of a number of other research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Citigroup reduced their price objective on Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Royal Bank Of Canada raised their price objective on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Morgan Stanley set a $55.00 price objective on Dynatrace in a research report on Thursday, May 15th. Finally, Barclays raised their price objective on Dynatrace from $55.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $62.63.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $49.41 on Monday. Dynatrace has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a market capitalization of $14.90 billion, a P/E ratio of 30.31, a P/E/G ratio of 4.29 and a beta of 0.91. The stock has a 50 day moving average price of $52.51 and a 200-day moving average price of $51.68.

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

Insider Activity at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The stock was 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 approximately $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of Dynatrace in the 2nd quarter worth $567,000. Cim LLC boosted its stake in shares of Dynatrace by 5.1% in the 2nd quarter. Cim LLC now owns 21,956 shares of the company’s stock worth $1,212,000 after buying an additional 1,066 shares during the last quarter. State of Wyoming boosted its stake in shares of Dynatrace by 219.6% in the 2nd quarter. State of Wyoming now owns 7,484 shares of the company’s stock worth $413,000 after buying an additional 5,142 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Dynatrace in the 2nd quarter worth $458,000. Finally, Headlands Technologies LLC boosted its stake in shares of Dynatrace by 17.6% in the 2nd quarter. Headlands Technologies LLC now owns 36,804 shares of the company’s stock worth $2,032,000 after buying an additional 5,505 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Company Profile

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.