Dynatrace (DT) to Release Earnings on Thursday

Dynatrace (NYSE:DT) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $426.85 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Dynatrace Stock Up 2.7 %

Shares of NYSE:DT opened at $58.00 on Wednesday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company has a market cap of $17.31 billion, a PE ratio of 105.45, a P/E/G ratio of 7.94 and a beta of 1.02. The company’s 50-day moving average price is $54.40 and its 200 day moving average price is $51.75.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DT shares. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. UBS Group began coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 target price for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $61.68.

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.