Dynatrace (NYSE:DT) Coverage Initiated at Robert W. Baird

Robert W. Baird started coverage on shares of Dynatrace (NYSE:DT) in a research note published on Thursday, Benzinga reports. The firm issued an outperform rating and a $50.00 price target on the stock.

Several other equities research analysts also recently issued reports on DT. Jefferies Financial Group lifted their price target on shares of Dynatrace from $35.00 to $46.00 and gave the stock a hold rating in a research note on Thursday, July 30th. They noted that the move was a valuation call. Goldman Sachs Group upgraded Dynatrace from a neutral rating to a buy rating and raised their price objective for the company from $32.00 to $51.00 in a research note on Friday, June 19th. They noted that the move was a valuation call. Bank of America reaffirmed a buy rating and issued a $40.00 target price on shares of Dynatrace in a research report on Tuesday, July 28th. Canaccord Genuity increased their target price on Dynatrace from $38.00 to $48.00 and gave the company a buy rating in a research note on Thursday, July 30th. Finally, FBN Securities started coverage on shares of Dynatrace in a research note on Tuesday, September 22nd. They issued an outperform rating and a $50.00 price target for the company. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $44.61.

DT stock opened at $41.18 on Thursday. The firm has a market cap of $11.57 billion and a P/E ratio of -30.28. 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 has a 1 year low of $17.05 and a 1 year high of $48.85. The stock has a 50-day simple moving average of $39.96 and a 200-day simple moving average of $35.20.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The firm had revenue of $155.51 million during the quarter, compared to analysts’ expectations of $149.63 million. Dynatrace had a negative return on equity of 8.02% and a negative net margin of 61.51%. Dynatrace’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. On average, equities research analysts predict that Dynatrace will post 0.27 EPS for the current year.

In other Dynatrace news, Director Paul Andrew Zuber sold 7,400 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $43.10, for a total value of $318,940.00. Following the sale, the director now directly owns 66,440 shares in the company, valued at $2,863,564. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Siclen John Van sold 55,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $40.39, for a total transaction of $2,221,450.00. Following the transaction, the chief executive officer now directly owns 1,160,680 shares of the company’s stock, valued at approximately $46,879,865.20. The disclosure for this sale can be found here. Insiders sold a total of 22,131,211 shares of company stock valued at $905,210,326 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in Dynatrace by 159.7% in the 2nd quarter. IFP Advisors Inc now owns 779 shares of the company’s stock worth $31,000 after buying an additional 479 shares in the last quarter. Citigroup Inc. grew its stake in shares of Dynatrace by 5.4% in the first quarter. Citigroup Inc. now owns 16,676 shares of the company’s stock worth $398,000 after purchasing an additional 852 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in shares of Dynatrace by 11.8% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 9,450 shares of the company’s stock worth $384,000 after purchasing an additional 1,000 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. increased its holdings in shares of Dynatrace by 40.0% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 3,500 shares of the company’s stock valued at $142,000 after purchasing an additional 1,000 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Dynatrace during the second quarter valued at about $43,000. 91.63% of the stock is currently owned by institutional investors and hedge funds.

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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