Dynatrace (NYSE:DT) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Dynatrace (NYSE:DT) had its price objective lifted by BMO Capital Markets from $53.00 to $61.00 in a research note issued on Friday,Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 12.30% from the company’s current price.

Other analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Friday. Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $64.00 in a report on Monday, October 7th. BTIG Research raised their target price on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. BNP Paribas began coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target for the company. Finally, Jefferies Financial Group upped their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.08.

Dynatrace Trading Down 3.8 %

NYSE:DT opened at $54.32 on Friday. The company has a market capitalization of $16.18 billion, a P/E ratio of 104.46, a PEG ratio of 8.02 and a beta of 1.06. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The firm has a fifty day simple moving average of $52.77 and a 200-day simple moving average of $48.29.

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

Insider Activity

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock worth $3,397,904 over the last quarter. 0.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently made changes to their positions in DT. Geneos Wealth Management Inc. grew its holdings in Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Dynatrace during the 2nd quarter valued at about $26,000. Versant Capital Management Inc grew its holdings in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares during the period. Riverview Trust Co increased its position in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Finally, Paladin Wealth LLC purchased a new position in Dynatrace during the third quarter worth about $38,000. 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 in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.