Dynatrace (NYSE:DT) Price Target Increased to $63.00 by Analysts at BTIG Research

Dynatrace (NYSE:DT) had its price target upped by BTIG Research from $57.00 to $63.00 in a research note released on Wednesday, Benzinga reports. BTIG Research currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Guggenheim raised their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Scotiabank raised their target price on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. BMO Capital Markets raised their target price on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $60.46.

Dynatrace Stock Performance

Dynatrace stock opened at $54.07 on Wednesday. The stock has a 50-day moving average of $52.02 and a two-hundred day moving average of $47.79. Dynatrace has a one year low of $39.42 and a one year high of $61.41. The stock has a market cap of $16.12 billion, a PE ratio of 103.98, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06.

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. 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 analysts’ expectations of $392.22 million. During the same period last year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, sell-side analysts predict that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction that occurred on 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 approximately $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock valued at $3,397,904 over the last ninety days. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DT. Geneos Wealth Management Inc. raised its position in Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares during the period. Versant Capital Management Inc raised its position in 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. Cullen Frost Bankers Inc. purchased a new stake in Dynatrace in the second quarter valued at $26,000. V Square Quantitative Management LLC purchased a new stake in Dynatrace in the second quarter valued at $32,000. Finally, Riverview Trust Co grew its stake in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Dynatrace

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.