Dynatrace (DT) Scheduled to Post Quarterly Earnings on Wednesday

Dynatrace (NYSE:DT – Get Rating) is set to issue its quarterly earnings data before the market opens on Wednesday, February 1st. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Dynatrace has set its Q3 guidance at $0.21-$0.22 EPS and its FY 2023 guidance at $0.81-$0.83 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Dynatrace (NYSE:DT – Get Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $279.33 million for the quarter, compared to analyst estimates of $273.92 million. Dynatrace had a return on equity of 7.69% and a net margin of 2.71%. On average, analysts expect Dynatrace to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Dynatrace Price Performance

Shares of NYSE DT opened at $36.98 on Wednesday. The business’s 50 day moving average price is $37.50 and its two-hundred day moving average price is $37.32. The company has a market cap of $10.64 billion, a PE ratio of 369.84, a price-to-earnings-growth ratio of 5.06 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.15. Dynatrace has a twelve month low of $29.41 and a twelve month high of $56.98.

Analysts Set New Price Targets

A number of brokerages have weighed in on DT. Royal Bank of Canada lowered their price target on Dynatrace from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Rosenblatt Securities lowered their price target on Dynatrace from $53.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Truist Financial decreased their target price on Dynatrace from $50.00 to $45.00 in a research report on Monday, January 9th. Barclays downgraded Dynatrace from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $42.00 to $39.00 in a research report on Tuesday, January 10th. Finally, Robert W. Baird cut their price target on Dynatrace from $49.00 to $40.00 in a research note on Thursday, November 3rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.63.

Insider Activity

In other news, CAO Alicia Allen sold 31,985 shares of Dynatrace stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $39.77, for a total transaction of $1,272,043.45. Following the sale, the chief accounting officer now directly owns 87,281 shares of the company’s stock, valued at $3,471,165.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds have recently added to or reduced their stakes in DT. Raymond James Trust N.A. increased its holdings in shares of Dynatrace by 39.5% during the first quarter. Raymond James Trust N.A. now owns 6,511 shares of the company’s stock valued at $307,000 after acquiring an additional 1,845 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in shares of Dynatrace during the first quarter valued at approximately $306,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Dynatrace during the third quarter valued at approximately $295,000. Creative Planning increased its holdings in shares of Dynatrace by 29.1% during the second quarter. Creative Planning now owns 6,836 shares of the company’s stock valued at $270,000 after acquiring an additional 1,541 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Dynatrace by 42.6% during the first quarter. HighTower Advisors LLC now owns 5,353 shares of the company’s stock valued at $250,000 after acquiring an additional 1,598 shares in the last quarter. 97.17% of the stock is currently owned by institutional investors.

About Dynatrace

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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.