Dynatrace (NYSE:DT) Stock Rating Reaffirmed by William Blair

William Blair reiterated their buy rating on shares of Dynatrace (NYSE:DT) in a report published on Wednesday morning, PriceTargets.com reports.

A number of other analysts also recently commented on DT. JMP Securities boosted their target price on Dynatrace from $57.00 to $72.00 and gave the stock an outperform rating in a research report on Tuesday, July 27th. Truist Securities boosted their price target on Dynatrace from $60.00 to $72.00 and gave the stock a buy rating in a report on Thursday, July 29th. Truist boosted their price target on Dynatrace from $60.00 to $72.00 and gave the stock a buy rating in a report on Thursday, July 29th. Royal Bank of Canada boosted their price target on Dynatrace from $67.00 to $72.00 and gave the stock an outperform rating in a report on Thursday, July 29th. Finally, Canaccord Genuity boosted their price target on Dynatrace from $60.00 to $70.00 and gave the stock a buy rating in a report on Thursday, July 29th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Buy and a consensus price target of $64.04.

Dynatrace stock opened at $71.55 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.07 and a quick ratio of 1.07. Dynatrace has a 1-year low of $33.83 and a 1-year high of $73.08. The company has a market cap of $20.34 billion, a PE ratio of 275.20, a price-to-earnings-growth ratio of 21.71 and a beta of 1.52. The stock’s 50 day moving average price is $65.17 and its 200 day moving average price is $56.84.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, July 28th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.07. The company had revenue of $209.74 million for the quarter, compared to the consensus estimate of $202.83 million. Dynatrace had a return on equity of 12.28% and a net margin of 10.05%. On average, equities research analysts anticipate that Dynatrace will post 0.43 EPS for the current fiscal year.

In related news, CEO Siclen John Van sold 55,000 shares of the stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $71.05, for a total value of $3,907,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin C. Burns sold 159,051 shares of the stock in a transaction dated Monday, June 28th. The shares were sold at an average price of $60.08, for a total value of $9,555,784.08. Following the completion of the transaction, the chief financial officer now directly owns 232,108 shares of the company’s stock, valued at approximately $13,945,048.64. The disclosure for this sale can be found here. Insiders sold 306,549 shares of company stock valued at $18,993,986 in the last ninety days. Company insiders own 0.88% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DT. Dimensional Fund Advisors LP lifted its holdings in Dynatrace by 756.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 233,076 shares of the company’s stock worth $10,086,000 after buying an additional 205,857 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Dynatrace during the 1st quarter worth approximately $315,000. US Bancorp DE lifted its holdings in Dynatrace by 78.5% during the 1st quarter. US Bancorp DE now owns 13,971 shares of the company’s stock worth $675,000 after buying an additional 6,144 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Dynatrace by 73.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 22,281 shares of the company’s stock worth $1,074,000 after purchasing an additional 9,448 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Dynatrace by 17.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 516,550 shares of the company’s stock worth $24,918,000 after purchasing an additional 75,273 shares during the period. 93.01% of the stock is currently owned by institutional investors.

About Dynatrace

Dynatrace, Inc offers software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.

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Analyst Recommendations for Dynatrace (NYSE:DT)

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