Dynatrace (NYSE:DT) Rating Increased to Buy at Wall Street Zen

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

A number of other research firms have also issued reports on DT. Guggenheim boosted their target price on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. BMO Capital Markets lowered their target price on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Citigroup lowered 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. Finally, KeyCorp assumed coverage on Dynatrace in a report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.72.

Dynatrace Stock Up 0.1%

DT stock opened at $49.12 on Friday. The business has a 50 day moving average price of $50.85 and a 200 day moving average price of $50.64. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 4.32 and a beta of 0.91. Dynatrace has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Dynatrace (NYSE:DT) last issued 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 analysts’ expectations of $467.39 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Dynatrace will post 0.68 EPS for the current year.

Insider Transactions at Dynatrace

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the sale, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the sale, the director directly owned 1,012 shares in the company, valued at approximately $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,099 shares of company stock worth $154,429. 0.57% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Dynatrace by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 31,403,014 shares of the company’s stock valued at $1,733,760,000 after purchasing an additional 1,084,307 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Dynatrace by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company’s stock valued at $413,445,000 after purchasing an additional 1,124,207 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Dynatrace by 0.6% in the 2nd quarter. American Century Companies Inc. now owns 7,845,619 shares of the company’s stock valued at $433,157,000 after purchasing an additional 44,288 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Dynatrace by 79.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company’s stock valued at $329,477,000 after purchasing an additional 3,092,576 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Dynatrace by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 5,757,417 shares of the company’s stock worth $316,948,000 after acquiring an additional 134,478 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.