Dynatrace, Inc. (NYSE:DT) Receives $61.08 Average Target Price from Brokerages

Dynatrace, Inc. (NYSE:DT) has earned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $61.08.

A number of equities research analysts have recently weighed in on DT shares. Capital One Financial initiated coverage on Dynatrace in a report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 price target on the stock. TD Cowen dropped their target price on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Wolfe Research initiated coverage on Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 target price on the stock. Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, JMP Securities boosted their target price on Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a report on Friday, February 2nd.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the transaction, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the sale, the insider now directly owns 16,114,344 shares in the company, valued at $847,614,494.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,278,591 shares of company stock valued at $750,893,396. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Dynatrace

Large investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. bought a new stake in Dynatrace in the fourth quarter worth $25,000. DSM Capital Partners LLC bought a new stake in Dynatrace during the fourth quarter valued at about $28,000. NewSquare Capital LLC bought a new stake in Dynatrace during the fourth quarter valued at about $32,000. Rise Advisors LLC bought a new stake in Dynatrace during the first quarter valued at about $30,000. Finally, Planned Solutions Inc. bought a new stake in Dynatrace during the fourth quarter valued at about $38,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Trading Up 1.5 %

Shares of DT opened at $46.23 on Friday. Dynatrace has a twelve month low of $40.43 and a twelve month high of $61.41. The firm has a market capitalization of $13.61 billion, a P/E ratio of 70.05, a price-to-earnings-growth ratio of 3.89 and a beta of 1.07. The stock’s fifty day simple moving average is $47.30 and its 200 day simple moving average is $50.87.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The firm had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Sell-side analysts predict that Dynatrace will post 0.62 earnings per share for the current year.

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.