Dynatrace (NYSE:DT) Given Neutral Rating at Wedbush

Wedbush reaffirmed their neutral rating on shares of Dynatrace (NYSE:DT) in a research note issued to investors on Thursday, Benzinga reports. Wedbush currently has a $55.00 price objective on the stock.

A number of other equities analysts also recently weighed in on DT. BMO Capital Markets dropped their target price on Dynatrace from $54.00 to $49.00 and set an outperform rating on the stock in a report on Friday, July 19th. Wells Fargo & Company decreased their target price on shares of Dynatrace from $60.00 to $50.00 and set an overweight rating for the company in a research note on Tuesday. Royal Bank of Canada lowered their price target on shares of Dynatrace from $66.00 to $60.00 and set an outperform rating on the stock in a report on Thursday, May 16th. Loop Capital dropped their price objective on Dynatrace from $50.00 to $45.00 and set a hold rating on the stock in a report on Wednesday, June 26th. Finally, Bank of America lowered their target price on shares of Dynatrace from $70.00 to $68.00 and set a buy rating on the stock in a research report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Dynatrace currently has an average rating of Moderate Buy and a consensus price target of $59.70.

Dynatrace Price Performance

Dynatrace stock traded up $0.41 during midday trading on Thursday, reaching $47.71. The stock had a trading volume of 3,080,635 shares, compared to its average volume of 3,605,167. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 90.94, a PEG ratio of 6.40 and a beta of 1.04. The firm’s fifty day simple moving average is $44.48 and its two-hundred day simple moving average is $47.45.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The business had revenue of $380.85 million during the quarter, compared to analysts’ expectations of $375.20 million. As a group, sell-side analysts predict that Dynatrace will post 0.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the transaction, the executive vice president now directly owns 237,772 shares in the company, valued at $10,514,277.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares in the company, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. Insiders have sold 84,274 shares of company stock worth $3,883,271 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after acquiring an additional 1,680,971 shares during the last quarter. United Asset Strategies Inc. acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $1,556,000. US Bancorp DE raised its position in Dynatrace by 89.7% in the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after purchasing an additional 22,928 shares during the last quarter. Norden Group LLC bought a new position in Dynatrace in the 1st quarter worth approximately $5,546,000. Finally, Carnegie Capital Asset Management LLC lifted its holdings in Dynatrace by 13.6% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 182,645 shares of the company’s stock worth $9,989,000 after buying an additional 21,880 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.