In yesterday’s Wall Street session, Dynatrace Inc. (NYSE:DT) shares traded at $46.81, up 0.47% from the previous session.
22 analysts cover Dynatrace Inc. (NYSE:DT), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $58.00 and a low of $38.00, we find $49.50. Given the previous closing price of $46.59, this indicates a potential upside of 6.25 percent. DT stock price is now 12.35% away from the 50-day moving average and 19.58% away from the 200-day moving average. The market capitalization of the company currently stands at $13.64B.
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The stock has received a hold rating from 10 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $48.00 as their price target over the next twelve months.
With the price target of $45, Stifel recently initiated with Buy rating for Dynatrace Inc. (NYSE: DT). On January 10, 2023, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $42 to quote $39, while ‘Wedbush’ rates the stock as ‘Neutral’.
In other news, Pace Stephen J., Chief Revenue Officer sold 15,812 shares of the company’s stock on Mar 01. The stock was sold for $668,378 at an average price of $42.27. Upon completion of the transaction, the Chief Revenue Officer now directly owns 120,923 shares in the company, valued at $5.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16, SVP, Chief Technology Officer Greifeneder Bernd sold 4,972 shares of the business’s stock. A total of $216,252 was realized by selling the stock at an average price of $43.49. This leaves the insider owning 932,617 shares of the company worth $43.66 million. Insiders disposed of 15,029,431 shares of company stock worth roughly $703.53 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DT stock. A new stake in Dynatrace Inc. shares was purchased by 1832 ASSET MANAGEMENT L.P. during the first quarter worth $93,620,000. LORD, ABBETT & CO. LLC invested $79,605,000 in shares of DT during the first quarter. In the first quarter, POLAR CAPITAL HOLDINGS PLC acquired a new stake in Dynatrace Inc. valued at approximately $31,616,000. TWINBEECH CAPITAL LP acquired a new stake in DT for approximately $24,233,000. WORLDQUANT MILLENNIUM ADVISORS LLC purchased a new stake in DT valued at around $17,689,000 in the second quarter. In total, there are 612 active investors with 99.83% ownership of the company’s stock.
On Tuesday morning Dynatrace Inc. (NYSE: DT) stock kicked off with the opening price of $46.62. During the past 12 months, Dynatrace Inc. has had a low of $31.54 and a high of $48.00. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $11.65B, which is based on a 477.65 price-to-earnings ratio, a 23.87 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for DT is $41.75 and a two-hundred day moving average price translates $39.19 for the stock.
The latest earnings results from Dynatrace Inc. (NYSE: DT) was released for Dec, 2022. According to the Software – Application Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.21 by 0.04. This compares to $0.05 EPS in the same period last year. The net profit margin was 2.60% and return on equity was 2.10% for DT. The company reported revenue of $297.46 million for the quarter, compared to $240.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.55 percent. For the current quarter, analysts expect DT to generate $304.96M in revenue.
Dynatrace Inc.(DT) Company Profile
Dynatrace, Inc. provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences. The company also offers implementation, consulting, and training services. Dynatrace, Inc. markets its products through a combination of direct sales team and a network of partners, including resellers, system integrators, and managed service providers. It serves customers in various industries comprising banking, insurance, retail, manufacturing, travel, and software. The company operates in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Dynatrace, Inc. was founded in 2005 and is headquartered in Waltham, Massachusetts.
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