Dynatrace’s (DT) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Dynatrace (NYSE:DTFree Report) in a report released on Tuesday, Benzinga reports.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada lowered their target price on Dynatrace from $66.00 to $60.00 and set an outperform rating for the company in a report on Thursday, May 16th. Wedbush reiterated a neutral rating and set a $55.00 target price on shares of Dynatrace in a research report on Thursday, May 16th. Bank of America dropped their price objective on shares of Dynatrace from $70.00 to $68.00 and set a buy rating on the stock in a report on Thursday, May 16th. Wolfe Research assumed coverage on Dynatrace in a research note on Monday, March 18th. They issued an outperform rating and a $60.00 target price for the company. Finally, Barclays dropped their price target on Dynatrace from $59.00 to $52.00 and set an equal weight rating on the stock in a research note on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $61.54.

View Our Latest Stock Report on Dynatrace

Dynatrace Stock Performance

Dynatrace stock opened at $43.52 on Tuesday. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 83.69, a PEG ratio of 6.53 and a beta of 1.05. Dynatrace has a 52-week low of $43.02 and a 52-week high of $61.41. The firm has a 50 day moving average price of $46.21 and a two-hundred day moving average price of $50.07.

Dynatrace (NYSE:DTGet Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $380.85 million for the quarter, compared to analyst estimates of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. As a group, equities research analysts predict that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the transaction, the chief executive officer now owns 732,491 shares in the company, valued at approximately $33,994,907.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 732,491 shares in the company, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new position in shares of Dynatrace in the fourth quarter worth $25,000. Geneos Wealth Management Inc. boosted its stake in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares during the period. DSM Capital Partners LLC purchased a new position in Dynatrace during the fourth quarter worth about $28,000. Rise Advisors LLC bought a new position in Dynatrace in the 1st quarter worth about $30,000. Finally, NewSquare Capital LLC purchased a new position in Dynatrace in the 4th quarter worth approximately $32,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Company Profile

(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.

Further Reading

Analyst Recommendations for Dynatrace (NYSE:DT)

Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.