Dynatrace (NYSE:DT) Earns Buy Rating from Needham & Company LLC

Dynatrace (NYSE:DT – Get Rating)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $52.00 target price on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 34.40% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Loop Capital increased their price objective on Dynatrace from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, February 2nd. Credit Suisse Group increased their price objective on Dynatrace from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Citigroup increased their price objective on Dynatrace from $43.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Rosenblatt Securities increased their price objective on Dynatrace from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Finally, The Goldman Sachs Group dropped their price objective on Dynatrace from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, January 25th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.22.

Dynatrace Price Performance

Shares of NYSE DT opened at $38.69 on Wednesday. Dynatrace has a one year low of $29.41 and a one year high of $49.55. The business’s fifty day moving average price is $40.83 and its 200-day moving average price is $38.09. The stock has a market capitalization of $11.18 billion, a PE ratio of 386.90, a P/E/G ratio of 5.09 and a beta of 1.12.

Dynatrace (NYSE:DT – Get Rating) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. Dynatrace had a return on equity of 8.61% and a net margin of 2.61%. The firm had revenue of $297.46 million for the quarter, compared to analysts’ expectations of $285.16 million. As a group, equities analysts expect that Dynatrace will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 1,972 shares of Dynatrace stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $43.49, for a total value of $85,762.28. Following the completion of the sale, the chief executive officer now owns 295,548 shares of the company’s stock, valued at $12,853,382.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CRO Stephen J. Pace sold 47,380 shares of Dynatrace stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $46.11, for a total transaction of $2,184,691.80. Following the transaction, the executive now directly owns 125,240 shares in the company, valued at $5,774,816.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 1,972 shares of the business’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $43.49, for a total value of $85,762.28. Following the completion of the transaction, the chief executive officer now owns 295,548 shares in the company, valued at $12,853,382.52. The disclosure for this sale can be found here. Insiders sold 14,836,494 shares of company stock valued at $669,887,270 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently added to or reduced their stakes in DT. Wipfli Financial Advisors LLC bought a new stake in Dynatrace during the third quarter worth approximately $30,000. Ronald Blue Trust Inc. purchased a new stake in shares of Dynatrace in the second quarter valued at approximately $34,000. Quadrant Capital Group LLC boosted its holdings in shares of Dynatrace by 793.0% in the second quarter. Quadrant Capital Group LLC now owns 1,152 shares of the company’s stock valued at $45,000 after purchasing an additional 1,023 shares during the period. Zions Bancorporation N.A. purchased a new stake in Dynatrace during the third quarter worth $51,000. Finally, Lazard Asset Management LLC lifted its holdings in Dynatrace by 14,475.0% during the fourth quarter. Lazard Asset Management LLC now owns 1,749 shares of the company’s stock worth $66,000 after buying an additional 1,737 shares during the period. 97.17% of the stock is owned by institutional investors.

Dynatrace Company Profile

(Get Rating)

Dynatrace, Inc engages in the development of a software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.