Equities researchers at Moffett Nathanson initiated coverage on shares of Dynatrace (NYSE:DT – Get Rating) in a research note issued on Thursday, The Fly reports. The brokerage set a "hold" rating and a $52.00 price target on the stock. Moffett Nathanson's target price points to a potential upside of 56.58% from the stock's previous close.
DT has been the topic of several other research reports. Barclays upped their price target on Dynatrace to $50.00 in a research note on Tuesday, August 9th. Royal Bank of Canada upped their price target on Dynatrace from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, August 4th. BMO Capital Markets upped their price target on Dynatrace from $42.00 to $49.00 and gave the company an "outperform" rating in a research note on Thursday, August 4th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $55.00 price target on shares of Dynatrace in a research note on Thursday, July 7th. Finally, TheStreet raised Dynatrace from a "d+" rating to a "c" rating in a research note on Thursday, June 23rd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $57.68.
Get Dynatrace alerts:Dynatrace Stock Down 2.6 %
Shares of NYSE DT opened at $33.21 on Thursday. Dynatrace has a 12-month low of $29.41 and a 12-month high of $80.13. The stock has a market cap of $9.54 billion, a PE ratio of 237.21, a P/E/G ratio of 5.15 and a beta of 1.27. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $38.88 and a 200 day moving average of $40.08.
Dynatrace (NYSE:DT – Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Dynatrace had a net margin of 4.18% and a return on equity of 7.81%. The company had revenue of $267.27 million during the quarter, compared to analysts' expectations of $262.76 million. As a group, sell-side analysts predict that Dynatrace will post 0.36 EPS for the current fiscal year.Insider Activity
In related news, SVP Bernd Greifeneder sold 4,929 shares of the company's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $42.42, for a total value of $209,088.18. Following the completion of the sale, the senior vice president now directly owns 941,865 shares of the company's stock, valued at approximately $39,953,913.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Bernd Greifeneder sold 4,929 shares of the company's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $42.42, for a total value of $209,088.18. Following the completion of the sale, the senior vice president now directly owns 941,865 shares of the company's stock, valued at approximately $39,953,913.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Stephen J. Pace sold 25,000 shares of the company's stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $38.50, for a total value of $962,500.00. Following the completion of the sale, the executive now directly owns 139,963 shares of the company's stock, valued at $5,388,575.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,029 shares of company stock worth $2,639,297. 0.51% of the stock is currently owned by insiders.
Institutional Trading of Dynatrace
A number of hedge funds have recently added to or reduced their stakes in DT. Dragoneer Investment Group LLC lifted its position in Dynatrace by 49.1% during the 1st quarter. Dragoneer Investment Group LLC now owns 7,149,440 shares of the company's stock worth $336,739,000 after acquiring an additional 2,355,247 shares during the period. William Blair Investment Management LLC lifted its position in Dynatrace by 31.0% during the 1st quarter. William Blair Investment Management LLC now owns 6,989,994 shares of the company's stock worth $329,229,000 after acquiring an additional 1,653,151 shares during the period. Brown Advisory Inc. raised its stake in shares of Dynatrace by 15.2% during the 1st quarter. Brown Advisory Inc. now owns 11,301,106 shares of the company's stock worth $535,781,000 after buying an additional 1,491,020 shares in the last quarter. RGM Capital LLC raised its stake in shares of Dynatrace by 312.2% during the 2nd quarter. RGM Capital LLC now owns 1,912,793 shares of the company's stock worth $75,441,000 after buying an additional 1,448,704 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Dynatrace by 37.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,329,557 shares of the company's stock worth $261,289,000 after buying an additional 1,173,297 shares in the last quarter. 94.70% of the stock is owned by institutional investors and hedge funds.
About Dynatrace
(Get Rating)
Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.
Further Reading
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