Dynatrace (NYSE:DT) Posts Earnings Results, Beats Estimates By $0.03 EPS

Dynatrace (NYSE:DT) issued its quarterly earnings results on Monday. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03, FiscalAI reports. Dynatrace had a return on equity of 9.24% and a net margin of 27.33%.The company had revenue of $515.47 million for the quarter, compared to analysts’ expectations of $506.31 million.

Dynatrace Stock Performance

DT stock opened at $33.76 on Monday. Dynatrace has a fifty-two week low of $32.83 and a fifty-two week high of $63.00. The firm has a fifty day moving average price of $41.95 and a 200 day moving average price of $46.31. The firm has a market cap of $10.18 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.66 and a beta of 0.84.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynatrace in a research report on Monday, December 29th. Citigroup cut their target price on Dynatrace from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. TD Cowen reduced their target price on Dynatrace from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, January 21st. UBS Group set a $51.00 price target on Dynatrace in a report on Thursday, November 6th. Finally, Truist Financial reduced their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $58.32.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total transaction of $1,398,300.00. Following the sale, the chief executive officer directly owned 108,125 shares of the company’s stock, valued at $5,039,706.25. The trade was a 21.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dan Zugelder sold 7,505 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $45.27, for a total value of $339,751.35. Following the transaction, the executive vice president directly owned 8,925 shares in the company, valued at approximately $404,034.75. This represents a 45.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 39,843 shares of company stock worth $1,846,424. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Dynatrace

A number of hedge funds have recently added to or reduced their stakes in DT. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dynatrace by 21.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after purchasing an additional 272 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Dynatrace by 19.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock valued at $102,000 after acquiring an additional 348 shares during the period. Connecticut Wealth Management LLC bought a new position in shares of Dynatrace in the 2nd quarter worth $226,000. Voleon Capital Management LP bought a new position in shares of Dynatrace in the 3rd quarter worth $221,000. Finally, Coldstream Capital Management Inc. lifted its stake in shares of Dynatrace by 10.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,604 shares of the company’s stock worth $223,000 after purchasing an additional 437 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Company Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.