Dynatrace (NYSE:DT – Free Report) had its target price trimmed by Cantor Fitzgerald from $57.00 to $51.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.
A number of other brokerages have also recently issued reports on DT. Guggenheim upped their target price on shares of Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Citigroup cut their price objective on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a report on Monday, August 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Dynatrace in a research report on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday. Finally, Royal Bank Of Canada upped their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.27.
Dynatrace Trading Up 2.4%
Dynatrace (NYSE:DT – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $493.85 million for the quarter, compared to analysts’ expectations of $487.33 million. Dynatrace had a return on equity of 9.24% and a net margin of 27.33%.Dynatrace’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. Dynatrace has set its Q3 2026 guidance at 0.400-0.420 EPS. FY 2026 guidance at 1.620-1.640 EPS. Sell-side analysts anticipate that Dynatrace will post 0.68 earnings per share for the current year.
Insiders Place Their Bets
In related news, EVP Dan Zugelder sold 7,503 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $50.00, for a total value of $375,150.00. Following the sale, the executive vice president directly owned 1,420 shares of the company’s stock, valued at $71,000. This trade represents a 84.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the sale, the chief accounting officer owned 22,555 shares of the company’s stock, valued at $1,125,268.95. The trade was a 8.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,602 shares of company stock worth $529,579 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.
Hedge Funds Weigh In On Dynatrace
A number of hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in shares of Dynatrace by 561.4% in the third quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock valued at $28,000 after acquiring an additional 494 shares during the period. MAI Capital Management raised its holdings in shares of Dynatrace by 122.4% in the 2nd quarter. MAI Capital Management now owns 547 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Dynatrace during the 2nd quarter worth $34,000. Eastern Bank acquired a new stake in Dynatrace in the second quarter valued at approximately $35,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Dynatrace during the third quarter worth about $37,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.
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.
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