Dynatrace (NYSE:DT) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Dynatrace (NYSE:DT) announced its earnings results on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04, Briefing.com reports. The firm had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS.

Dynatrace Stock Performance

NYSE:DT traded up $0.41 during midday trading on Friday, reaching $47.71. 3,080,643 shares of the stock traded hands, compared to its average volume of 3,605,167. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.41. The business has a 50-day moving average of $44.52 and a two-hundred day moving average of $47.37. The stock has a market capitalization of $14.23 billion, a PE ratio of 91.75, a price-to-earnings-growth ratio of 6.40 and a beta of 1.04.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the transaction, the executive vice president now owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the sale, the executive vice president now owns 237,772 shares in the company, valued at $10,514,277.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares in the company, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. Insiders sold 84,274 shares of company stock valued at $3,883,271 over the last 90 days. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the topic of several recent research reports. Wedbush restated a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a research report on Thursday. Loop Capital cut their price target on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday. Wells Fargo & Company cut their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Piper Sandler initiated coverage on shares of Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.70.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.