Dynatrace (NYSE:DT) Lowered to “Hold” Rating by 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 Tuesday.

Several other equities analysts have also weighed in on the company. Wedbush restated an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. KeyCorp started coverage on Dynatrace in a report on Tuesday, June 10th. They set an “overweight” rating and a $69.00 target price on the stock. Oppenheimer started coverage on Dynatrace in a report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 target price on the stock. DA Davidson raised their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Finally, Citigroup cut their target price on Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.72.

Dynatrace Trading Down 0.6%

Shares of NYSE:DT opened at $50.59 on Tuesday. Dynatrace has a 1 year low of $39.30 and a 1 year high of $63.00. The business has a fifty day simple moving average of $51.87 and a 200 day simple moving average of $51.19. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 4.45 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, topping the consensus estimate of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. During the same period last year, the company earned $0.33 earnings per share. Dynatrace’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts forecast that Dynatrace will post 0.68 EPS for the current year.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors have recently made changes to their positions in DT. MAI Capital Management increased its stake in shares of Dynatrace by 122.4% in the second quarter. MAI Capital Management now owns 547 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the period. VSM Wealth Advisory LLC acquired a new stake in Dynatrace during the second quarter worth about $34,000. Eastern Bank acquired a new stake in Dynatrace during the second quarter worth about $35,000. CX Institutional acquired a new stake in Dynatrace during the first quarter worth about $40,000. Finally, Brooklyn Investment Group grew its position 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 buying an additional 800 shares in the last quarter. 94.28% of the stock is currently owned by 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.