Dynatrace (NYSE:DT) Stock Rating Upgraded by Barclays

Dynatrace (NYSE:DT) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, MarketBeat reports. The brokerage presently has a $64.00 price objective on the stock, up from their prior price objective of $52.00. Barclays‘s target price indicates a potential upside of 20.17% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Wedbush reissued a “neutral” rating and issued a $55.00 target price on shares of Dynatrace in a research report on Thursday, August 8th. Guggenheim lifted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. BMO Capital Markets lifted their target price on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, Loop Capital dropped their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.25.

Dynatrace Price Performance

Shares of DT opened at $53.26 on Monday. The firm’s 50 day moving average is $49.60 and its 200-day moving average is $47.02. The stock has a market capitalization of $15.88 billion, a P/E ratio of 102.42, a P/E/G ratio of 7.83 and a beta of 1.06. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. As a group, equities research analysts forecast that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,404 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the transaction, the executive vice president now owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dan Zugelder sold 15,404 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the sale, the executive vice president now directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,426 shares of company stock valued at $3,804,069. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc lifted its position in Dynatrace by 34.3% during the 4th quarter. TD Asset Management Inc now owns 20,018 shares of the company’s stock valued at $1,095,000 after purchasing an additional 5,114 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Dynatrace by 85.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 12,885 shares of the company’s stock valued at $705,000 after acquiring an additional 5,919 shares during the period. Tower Research Capital LLC TRC boosted its stake in Dynatrace by 485.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,613 shares of the company’s stock worth $1,674,000 after acquiring an additional 25,386 shares during the last quarter. Schroder Investment Management Group increased its stake in Dynatrace by 7.3% in the fourth quarter. Schroder Investment Management Group now owns 401,898 shares of the company’s stock valued at $21,980,000 after purchasing an additional 27,286 shares in the last quarter. Finally, Capital Fund Management S.A. grew its holdings in shares of Dynatrace by 73.9% in the 4th quarter. Capital Fund Management S.A. now owns 219,185 shares of the company’s stock valued at $11,987,000 after buying an additional 93,147 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

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.