Dynatrace (NYSE:DT) Given New $61.00 Price Target at BMO Capital Markets

Dynatrace (NYSE:DT) had its target price hoisted by equities research analysts at BMO Capital Markets from $53.00 to $61.00 in a research note issued on Friday,Briefing.com Automated Import reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 12.30% from the company’s previous close.

A number of other equities analysts have also weighed in on DT. BTIG Research upped their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Guggenheim upped their price target on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company reduced their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Friday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.08.

Dynatrace Price Performance

Shares of NYSE:DT opened at $54.32 on Friday. The company has a market capitalization of $16.18 billion, a P/E ratio of 104.46, a P/E/G ratio of 8.02 and a beta of 1.06. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41. The firm’s 50 day simple moving average is $52.77 and its two-hundred day simple moving average is $48.29.

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

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares in the company, 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 ninety days, insiders have sold 66,022 shares of company stock worth $3,397,904. Insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of DT. Pathstone Holdings LLC boosted its position in Dynatrace by 2.6% during the 3rd quarter. Pathstone Holdings LLC now owns 86,578 shares of the company’s stock valued at $4,629,000 after acquiring an additional 2,218 shares in the last quarter. Swiss National Bank grew its position in shares of Dynatrace by 6.6% in the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after buying an additional 52,000 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Dynatrace by 38.4% in the third quarter. Thrivent Financial for Lutherans now owns 381,947 shares of the company’s stock valued at $20,422,000 after acquiring an additional 105,906 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Dynatrace by 16.9% in the third quarter. Mutual of America Capital Management LLC now owns 161,001 shares of the company’s stock valued at $8,609,000 after acquiring an additional 23,280 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Dynatrace by 2.6% during the 3rd quarter. Natixis Advisors LLC now owns 184,123 shares of the company’s stock valued at $9,845,000 after purchasing an additional 4,678 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

About Dynatrace

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.