BMO Capital Markets Issues Positive Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its price objective increased by BMO Capital Markets from $53.00 to $61.00 in a research report report published on Friday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

DT has been the subject of a number of other reports. Scotiabank lifted their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. BNP Paribas assumed coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Guggenheim raised their price objective on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Wells Fargo & Company dropped their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Dynatrace Trading Down 2.6 %

Shares of NYSE DT traded down $1.43 during midday trading on Friday, hitting $52.89. 5,098,765 shares of the company’s stock were exchanged, compared to its average volume of 2,129,751. The business’s fifty day moving average price is $52.90 and its two-hundred day moving average price is $48.38. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 101.71, a PEG ratio of 8.30 and a beta of 1.06. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.41.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. Dynatrace’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. Equities analysts expect that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in shares of Dynatrace during the 1st quarter valued at $368,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Dynatrace by 106.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,060 shares of the company’s stock worth $281,000 after acquiring an additional 3,123 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Dynatrace by 70.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 47,800 shares of the company’s stock worth $2,220,000 after acquiring an additional 19,771 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Dynatrace by 2,740.7% in the first quarter. SG Americas Securities LLC now owns 82,864 shares of the company’s stock worth $3,848,000 after purchasing an additional 79,947 shares during the period. 94.28% of the stock is 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.