Dynatrace, Inc. (NYSE:DT) Receives $58.69 Consensus Target Price from Analysts

Dynatrace, Inc. (NYSE:DTGet Rating) has been given an average recommendation of “Moderate Buy” by the nineteen brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $58.69.

Several equities research analysts have weighed in on the company. Royal Bank of Canada cut their price target on Dynatrace from $65.00 to $47.00 in a research report on Friday, May 13th. Barclays dropped their target price on Dynatrace from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 19th. Truist Financial dropped their target price on Dynatrace from $70.00 to $60.00 in a research report on Tuesday, May 10th. JMP Securities dropped their target price on Dynatrace from $80.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Friday, May 20th. Finally, Robert W. Baird dropped their target price on Dynatrace from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, May 19th.

Shares of DT opened at $40.46 on Thursday. The business’s 50-day moving average is $38.58 and its two-hundred day moving average is $45.84. The company has a market capitalization of $11.61 billion, a P/E ratio of 224.79, a P/E/G ratio of 8.31 and a beta of 1.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.10. Dynatrace has a fifty-two week low of $29.41 and a fifty-two week high of $80.13.

Dynatrace (NYSE:DTGet Rating) last announced its quarterly earnings results on Wednesday, May 18th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $252.60 million for the quarter, compared to the consensus estimate of $246.54 million. Dynatrace had a return on equity of 8.44% and a net margin of 5.64%. The firm’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Analysts forecast that Dynatrace will post 0.37 EPS for the current year.

In other Dynatrace news, CAO Alicia Allen sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $34.26, for a total value of $45,771.36. Following the transaction, the chief accounting officer now directly owns 69,738 shares of the company’s stock, valued at approximately $2,389,223.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bernd Greifeneder sold 6,927 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $34.27, for a total transaction of $237,388.29. Following the completion of the transaction, the senior vice president now directly owns 856,942 shares in the company, valued at $29,367,402.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,468 shares of company stock worth $564,303. 0.88% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in DT. Dark Forest Capital Management LP purchased a new stake in shares of Dynatrace during the 3rd quarter valued at approximately $44,000. Penserra Capital Management LLC purchased a new stake in shares of Dynatrace during the 3rd quarter valued at approximately $108,000. Invesco Ltd. raised its position in shares of Dynatrace by 128.1% during the 3rd quarter. Invesco Ltd. now owns 265,679 shares of the company’s stock valued at $18,854,000 after buying an additional 149,222 shares during the period. Morgan Stanley raised its position in shares of Dynatrace by 36.9% during the 3rd quarter. Morgan Stanley now owns 396,595 shares of the company’s stock valued at $28,146,000 after buying an additional 106,810 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of Dynatrace by 27.4% during the 3rd quarter. Guggenheim Capital LLC now owns 24,463 shares of the company’s stock valued at $1,736,000 after buying an additional 5,258 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

About Dynatrace (Get Rating)

Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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Analyst Recommendations for Dynatrace (NYSE:DT)

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