Dynatrace (NYSE:DT) Now Covered by Loop Capital

Loop Capital started coverage on shares of Dynatrace (NYSE:DT) in a research report sent to investors on Tuesday, Benzinga reports. The firm issued a hold rating and a $40.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Rosenblatt Securities increased their price target on shares of Dynatrace from $32.00 to $42.00 and gave the company a neutral rating in a report on Thursday, July 30th. Barclays increased their price target on shares of Dynatrace from $38.00 to $48.00 and gave the company an overweight rating in a report on Monday, July 20th. Bank of America reissued a buy rating and issued a $40.00 price target on shares of Dynatrace in a report on Tuesday, July 28th. Royal Bank of Canada increased their price target on shares of Dynatrace from $46.00 to $55.00 and gave the company an outperform rating in a report on Thursday, July 30th. Finally, Goldman Sachs Group raised shares of Dynatrace from a neutral rating to a buy rating and raised their target price for the stock from $32.00 to $51.00 in a report on Friday, June 19th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Dynatrace presently has an average rating of Buy and an average target price of $43.94.

NYSE:DT traded down $0.49 during mid-day trading on Tuesday, hitting $40.04. The stock had a trading volume of 3,854 shares, compared to its average volume of 2,826,716. Dynatrace has a twelve month low of $17.05 and a twelve month high of $48.85. The stock has a market cap of $11.39 billion and a price-to-earnings ratio of -29.80. The company’s 50 day simple moving average is $40.35 and its 200 day simple moving average is $34.81. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.00 and a current ratio of 1.00.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, July 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Dynatrace had a negative net margin of 61.51% and a negative return on equity of 8.02%. The business had revenue of $155.51 million during the quarter, compared to the consensus estimate of $149.63 million. During the same period last year, the business posted $0.04 EPS. Dynatrace’s revenue was up 26.9% on a year-over-year basis. As a group, equities analysts forecast that Dynatrace will post 0.27 earnings per share for the current year.

In related news, CEO Siclen John Van sold 55,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $41.34, for a total value of $2,273,700.00. Following the transaction, the chief executive officer now directly owns 1,414,360 shares of the company’s stock, valued at $58,469,642.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Andrew Zuber sold 7,400 shares of Dynatrace stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $40.31, for a total transaction of $298,294.00. Following the completion of the transaction, the director now directly owns 48,370 shares in the company, valued at $1,949,794.70. The disclosure for this sale can be found here. Insiders sold 22,076,211 shares of company stock worth $902,988,876 over the last three months. 1.50% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Swiss National Bank acquired a new stake in Dynatrace in the second quarter valued at approximately $23,771,000. Andra AP fonden acquired a new stake in Dynatrace in the second quarter valued at approximately $1,904,000. Brinker Capital Inc. acquired a new stake in Dynatrace in the second quarter valued at approximately $471,000. Geode Capital Management LLC boosted its position in Dynatrace by 61.5% in the first quarter. Geode Capital Management LLC now owns 1,103,618 shares of the company’s stock valued at $26,310,000 after buying an additional 420,457 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Dynatrace in the second quarter valued at approximately $9,160,000. Hedge funds and other institutional investors own 91.63% of the company’s stock.

About Dynatrace

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

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Analyst Recommendations for Dynatrace (NYSE:DT)

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