In yesterday’s Wall Street session, Dynatrace Inc. (NYSE:DT) shares traded at $51.14, down -0.33% from the previous session.
As of this writing, 28 analysts cover Dynatrace Inc. (NYSE:DT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $38.00, we find $53.00. Given the previous closing price of $51.31, this indicates a potential upside of 3.29 percent. DT stock price is now 5.34% away from the 50-day moving average and 24.60% away from the 200-day moving average. The market capitalization of the company currently stands at $14.93B.
There are 10 analysts who have given it a hold rating, whereas 16 have given it a buy rating. Brokers who have rated the stock have averaged $52.64 as their price target over the next twelve months.
With the price target of $50, DA Davidson recently initiated with Neutral rating for Dynatrace Inc. (NYSE: DT).
In other news, Allen Alicia, Chief Accounting Officer sold 1,500 shares of the company’s stock on Jun 16. The stock was sold for $77,743 at an average price of $51.83. Upon completion of the transaction, the Chief Accounting Officer now directly owns 94,180 shares in the company, valued at $4.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12, Chief Customer Officer Dollentz-Scharer Matthias sold 77,720 shares of the business’s stock. A total of $3,983,750 was realized by selling the stock at an average price of $51.26. This leaves the insider owning 84,666 shares of the company worth $4.33 million. Insiders disposed of 32,865,249 shares of company stock worth roughly $1.68 billion 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 $102,280,000. LORD, ABBETT & CO. LLC invested $86,969,000 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 $34,540,000. TWINBEECH CAPITAL LP acquired a new stake in DT for approximately $26,474,000. WORLDQUANT MILLENNIUM ADVISORS LLC purchased a new stake in DT valued at around $19,325,000 in the second quarter. In total, there are 612 active investors with 99.83% ownership of the company’s stock.
Friday morning saw Dynatrace Inc. (NYSE: DT) opened at $51.26. During the past 12 months, Dynatrace Inc. has had a low of $31.54 and a high of $52.99. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.10, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $14.40B, which is based on a 138.97 price-to-earnings ratio, a 12.44 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for DT is $48.75 and a two-hundred day moving average price translates $41.11 for the stock.
The latest earnings results from Dynatrace Inc. (NYSE: DT) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.22 by 0.09. This compares to $0.00 EPS in the same period last year. The net profit margin was 9.30% and return on equity was 7.40% for DT. The company reported revenue of $314.48 million for the quarter, compared to $252.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.5 percent. For the current quarter, analysts expect DT to generate $326.93M in revenue.
Dynatrace Inc.(DT) Company Profile
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. 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.
