Dynatrace, Inc. (NYSE:DT) Given Average Recommendation of “Moderate Buy” by Brokerages

Dynatrace, Inc. (NYSE:DT) has earned an average recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $61.08.

A number of brokerages recently commented on DT. JMP Securities boosted their price objective on shares of Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a research note on Friday, February 2nd. Wolfe Research began coverage on shares of Dynatrace in a research note on Monday, March 18th. They issued an “outperform” rating and a $60.00 price objective for the company. Capital One Financial began coverage on shares of Dynatrace in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $64.00 price objective for the company. Barclays reduced their price objective on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 20th. Finally, Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th.

Insider Buying and Selling at Dynatrace

In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares of the company’s stock, valued at approximately $847,614,494.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares in the company, valued at $847,614,494.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,278,591 shares of company stock valued at $750,893,396. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DT. Contravisory Investment Management Inc. purchased a new position in Dynatrace in the 4th quarter valued at about $25,000. Quarry LP purchased a new position in Dynatrace in the 1st quarter valued at about $26,000. DSM Capital Partners LLC purchased a new position in Dynatrace in the 4th quarter valued at about $28,000. Advisory Services Network LLC lifted its stake in Dynatrace by 50.9% in the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after purchasing an additional 223 shares in the last quarter. Finally, Rise Advisors LLC purchased a new position in Dynatrace in the 1st quarter worth approximately $30,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Dynatrace stock opened at $45.40 on Friday. The company has a 50 day moving average price of $47.55 and a 200-day moving average price of $50.86. Dynatrace has a fifty-two week low of $40.43 and a fifty-two week high of $61.41. The company has a market capitalization of $13.37 billion, a PE ratio of 68.79, a P/E/G ratio of 3.97 and a beta of 1.07.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. On average, analysts forecast that Dynatrace will post 0.62 earnings per share for the current year.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.