Brokerages Set Dynatrace, Inc. (NYSE:DT) Price Target at $62.72

Shares of Dynatrace, Inc. (NYSE:DT) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $62.52.

DT has been the topic of a number of research reports. Oppenheimer initiated coverage on shares of Dynatrace in a report on Wednesday, August 27th. They issued an “outperform” rating and a $65.00 price objective on the stock. KeyCorp initiated coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 price target for the company. BMO Capital Markets reduced their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. Citigroup lowered their target price on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Finally, Wells Fargo & Company initiated coverage on shares of Dynatrace in a research note on Tuesday. They set an “overweight” rating and a $65.00 target price on the stock.

Insiders Place Their Bets

In related news, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the transaction, the director owned 1,012 shares in the company, valued at approximately $50,367.24. The trade was a 50.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the transaction, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,099 shares of company stock worth $154,429. 0.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently modified their holdings of DT. Toronto Dominion Bank boosted its position in shares of Dynatrace by 10.0% during the fourth quarter. Toronto Dominion Bank now owns 49,012 shares of the company’s stock worth $2,663,000 after acquiring an additional 4,443 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Dynatrace during the fourth quarter worth $5,484,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Dynatrace by 26.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,885 shares of the company’s stock worth $755,000 after acquiring an additional 2,902 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after acquiring an additional 256 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Dynatrace by 308.8% during the first quarter. Versant Capital Management Inc now owns 7,903 shares of the company’s stock worth $373,000 after acquiring an additional 5,970 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 3.2%

DT opened at $49.87 on Friday. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 4.25 and a beta of 0.88. The company’s 50 day moving average is $49.47 and its 200 day moving average is $50.23. Dynatrace has a 12-month low of $39.30 and a 12-month high of $63.00.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, analysts predict that Dynatrace will post 0.68 EPS for the current fiscal year.

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.