Dynatrace, Inc. (NYSE:DT) Receives Consensus Recommendation of “Moderate Buy” from Analysts
Dynatrace, Inc. (NYSE:DT – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.57.
Several research analysts have issued reports on DT shares. Guggenheim started coverage on shares of Dynatrace in a report on Monday, October 23rd. They issued a “buy” rating and a $58.00 target price for the company. Scotiabank assumed coverage on shares of Dynatrace in a report on Tuesday, December 5th. They set a “sector outperform” rating and a $62.00 price objective for the company. DA Davidson raised shares of Dynatrace from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $65.00 in a report on Wednesday, October 11th. Truist Financial boosted their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Needham & Company LLC decreased their price objective on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, November 2nd.
Insider Buying and Selling at Dynatrace
In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $54.85, for a total transaction of $1,371,250.00. Following the sale, the chief executive officer now owns 530,115 shares in the company, valued at $29,076,807.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $54.85, for a total transaction of $1,371,250.00. Following the sale, the chief executive officer now directly owns 530,115 shares of the company’s stock, valued at approximately $29,076,807.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 14,018 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $54.63, for a total value of $765,803.34. Following the sale, the chief executive officer now directly owns 516,097 shares in the company, valued at $28,194,379.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,856,904 shares of company stock valued at $457,742,837. Company insiders own 0.54% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Dynatrace by 2,277.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,934,130 shares of the company’s stock valued at $293,315,000 after purchasing an additional 6,642,452 shares in the last quarter. FMR LLC boosted its stake in shares of Dynatrace by 41.2% during the first quarter. FMR LLC now owns 16,424,549 shares of the company’s stock valued at $694,758,000 after purchasing an additional 4,791,026 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Dynatrace by 11,824.1% during the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock valued at $112,702,000 after purchasing an additional 2,391,545 shares in the last quarter. State Street Corp boosted its stake in shares of Dynatrace by 55.7% during the third quarter. State Street Corp now owns 6,202,122 shares of the company’s stock valued at $215,896,000 after purchasing an additional 2,218,679 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Dynatrace during the fourth quarter valued at approximately $82,232,000. Institutional investors own 94.28% of the company’s stock.
Dynatrace Price Performance
DT opened at $54.62 on Monday. Dynatrace has a fifty-two week low of $35.39 and a fifty-two week high of $55.87. The company’s 50-day moving average is $50.09 and its 200 day moving average is $49.74. The firm has a market capitalization of $16.08 billion, a PE ratio of 95.83, a P/E/G ratio of 7.24 and a beta of 1.14.
Dynatrace (NYSE:DT – Get Free Report) last released its earnings results on Thursday, November 2nd. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $351.70 million during the quarter, compared to the consensus estimate of $344.61 million. Dynatrace had a net margin of 13.06% and a return on equity of 12.03%. As a group, analysts expect that Dynatrace will post 0.58 EPS for the current year.
About Dynatrace (Get Free Report
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.
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