Dynatrace (NYSE:DT) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Dynatrace (NYSE:DT – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other research firms also recently weighed in on DT. The Goldman Sachs Group lifted their target price on Dynatrace from $56.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Barclays raised their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. Guggenheim increased their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Bank of America raised their target price on shares of Dynatrace from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 price target on shares of Dynatrace in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $62.63.

Read Our Latest Report on DT

Dynatrace Trading Down 0.5%

Dynatrace stock opened at $48.17 on Monday. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 4.20 and a beta of 0.91. Dynatrace has a 12 month low of $39.30 and a 12 month high of $63.00. The stock’s 50 day moving average is $52.23 and its 200-day moving average is $51.57.

Dynatrace (NYSE:DT – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to analysts’ expectations of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. As a group, equities research analysts predict that Dynatrace will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president owned 17,242 shares of the company’s stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds have recently made changes to their positions in the stock. MAI Capital Management increased its position in Dynatrace by 122.4% during the 2nd quarter. MAI Capital Management now owns 547 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Dynatrace during the second quarter worth $34,000. Eastern Bank acquired a new position in shares of Dynatrace during the second quarter worth $35,000. CX Institutional acquired a new position in shares of Dynatrace during the first quarter worth $40,000. Finally, Brooklyn Investment Group lifted its stake in shares of Dynatrace by 761.9% in the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock valued at $43,000 after acquiring an additional 800 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Dynatrace

(Get Free Report)

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.

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