Brokerages Set Dynatrace, Inc. (NYSE:DT) Target Price at $62.57

Shares of Dynatrace, Inc. (NYSE:DT) have received a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $62.5652.

A number of analysts have recently issued reports on DT shares. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. Morgan Stanley set a $55.00 target price on shares of Dynatrace in a report on Thursday, May 15th. UBS Group boosted their target price on shares of Dynatrace from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Guggenheim boosted their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, KeyCorp assumed coverage on shares of Dynatrace in a report on Tuesday, June 10th. They set an “overweight” rating and a $69.00 target price on the stock.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president owned 17,242 shares of the company’s stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Institutional investors have recently modified their holdings of the business. MAI Capital Management boosted its position in shares of Dynatrace by 122.4% in the second quarter. MAI Capital Management now owns 547 shares of the company’s stock valued at $30,000 after acquiring an additional 301 shares during the period. VSM Wealth Advisory LLC bought a new stake in Dynatrace during the second quarter worth about $34,000. Eastern Bank bought a new stake in Dynatrace during the second quarter worth about $35,000. Coppell Advisory Solutions LLC lifted its position in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after purchasing an additional 669 shares during the period. Finally, CX Institutional bought a new stake in Dynatrace during the first quarter worth about $40,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 2.2%

NYSE DT opened at $47.75 on Friday. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00. The company has a market capitalization of $14.40 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 4.06 and a beta of 0.91. The firm’s 50 day moving average is $53.28 and its 200-day moving average is $52.24.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts expect that Dynatrace will post 0.68 EPS for the current year.

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.