Dynatrace (NYSE:DT) had its price objective decreased by equities research analysts at Canaccord Genuity Group from $80.00 to $60.00 in a report issued on Thursday, The Fly reports. Canaccord Genuity Group’s price objective suggests a potential upside of 36.36% from the stock’s current price.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Dynatrace from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Thursday, January 20th. Summit Insights raised their price objective on shares of Dynatrace from $75.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Citigroup decreased their target price on shares of Dynatrace from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. BTIG Research downgraded shares of Dynatrace from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, Needham & Company LLC decreased their price objective on shares of Dynatrace from $68.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace currently has an average rating of “Buy” and a consensus target price of $65.92.
Shares of NYSE:DT traded down $2.16 during midday trading on Thursday, reaching $44.00. 4,308,784 shares of the company were exchanged, compared to its average volume of 3,628,369. Dynatrace has a fifty-two week low of $41.01 and a fifty-two week high of $80.13. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $56.97 and a two-hundred day simple moving average of $65.02. The firm has a market cap of $12.54 billion, a PE ratio of 157.14, a P/E/G ratio of 9.83 and a beta of 1.44.
Dynatrace (NYSE:DT) last issued its quarterly earnings data on Tuesday, February 1st. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Dynatrace had a net margin of 10.09% and a return on equity of 10.83%. The business had revenue of $240.80 million for the quarter, compared to analyst estimates of $234.50 million. During the same period last year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. As a group, analysts forecast that Dynatrace will post 0.35 earnings per share for the current year.
In other Dynatrace news, Director Paul Andrew Zuber sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 1st. The shares were sold at an average price of $60.82, for a total transaction of $304,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin C. Burns sold 28,929 shares of the business’s stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $69.16, for a total transaction of $2,000,729.64. The disclosure for this sale can be found here. Insiders have sold a total of 195,942 shares of company stock worth $12,963,378 over the last ninety days. 0.88% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Total Clarity Wealth Management Inc. bought a new stake in Dynatrace during the 3rd quarter worth approximately $35,000. Advisory Services Network LLC bought a new stake in Dynatrace during the 2nd quarter worth approximately $42,000. Dark Forest Capital Management LP bought a new stake in Dynatrace during the 3rd quarter worth approximately $44,000. CWM LLC bought a new stake in Dynatrace during the 4th quarter worth approximately $48,000. Finally, Shell Asset Management Co. grew its holdings in Dynatrace by 79.7% during the 2nd quarter. Shell Asset Management Co. now owns 927 shares of the company’s stock worth $54,000 after acquiring an additional 411 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.
Dynatrace Company Profile
Dynatrace, Inc offers software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.