Brokerages Set Dynatrace, Inc. (NYSE:DT) Target Price at $61.08

Shares of Dynatrace, Inc. (NYSE:DT) have received an average recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $61.08.

DT has been the topic of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Monday, April 1st. JPMorgan Chase & Co. cut their target price on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st. Rosenblatt Securities upped their price target on shares of Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Citigroup increased their price objective on shares of Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, TD Cowen reduced their target price on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, April 19th.

Insider Buying and Selling at Dynatrace

In other news, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $847,614,494.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dan Zugelder sold 6,595 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the sale, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at $4,704,649.25. The disclosure for this sale can be found here. In the last three months, insiders sold 14,278,591 shares of company stock valued at $750,893,396. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Dynatrace

Large investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Dynatrace during the fourth quarter worth $25,000. DSM Capital Partners LLC bought a new stake in shares of Dynatrace during the 4th quarter worth about $28,000. Rise Advisors LLC bought a new stake in shares of Dynatrace during the 1st quarter worth about $30,000. NewSquare Capital LLC acquired a new position in shares of Dynatrace during the 4th quarter valued at about $32,000. Finally, FinTrust Capital Advisors LLC bought a new position in shares of Dynatrace in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Up 1.1 %

Shares of Dynatrace stock opened at $47.10 on Friday. The business has a 50-day moving average price of $46.99 and a 200 day moving average price of $50.81. Dynatrace has a fifty-two week low of $40.57 and a fifty-two week high of $61.41. The firm has a market cap of $13.87 billion, a P/E ratio of 71.36, a P/E/G ratio of 4.00 and a beta of 1.07.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. As a group, equities research analysts anticipate 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.