Dynatrace Inc [DT] attracts people because of its fundamentals

Dynatrace Inc (NYSE:DT) shares traded 2.66% higher at $45.58 on Wall Street last session.

In accordance with the data, 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 $65.00 and a low of $38.00, we find $57.00. Given the previous closing price of $44.40, this indicates a potential upside of 28.38 percent. DT stock price is now -2.82% away from the 50-day moving average and -1.03% away from the 200-day moving average. The market capitalization of the company currently stands at $13.37B.

It has been rated a hold by 7 analysts and a buy by 19. Brokers who have rated the stock have averaged $55.96 as their price target over the next twelve months.

With the price target of $58, Guggenheim recently initiated with Buy rating for Dynatrace Inc (NYSE: DT).

In other news, MCCONNELL RICK M, Chief Executive Officer sold 14,053 shares of the company’s stock on Sep 06. The stock was sold for $661,957 at an average price of $47.10. Upon completion of the transaction, the Chief Executive Officer now directly owns 578,952 shares in the company, valued at $26.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06, SVP, Chief Technology Officer Greifeneder Bernd sold 5,198 shares of the business’s stock. A total of $244,846 was realized by selling the stock at an average price of $47.10. This leaves the insider owning 1,004,848 shares of the company worth $45.8 million. Insiders disposed of 33,188,808 shares of company stock worth roughly $1.51 billion over the past 1 year. A total of 19.26% of the company’s stock is owned by insiders.

Dynatrace Inc (NYSE: DT) opened at $48.01 on Thursday. During the past 12 months, Dynatrace Inc has had a low of $31.54 and a high of $55.87. As of last week, the company has a debt-to-equity ratio of 0.05, 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 $12.40B, which is based on a 93.06 price-to-earnings ratio, a 7.33 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for DT is $46.88 and a two-hundred day moving average price translates $46.10 for the stock.

The latest earnings results from Dynatrace Inc (NYSE: DT) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.27, beating analysts’ expectations of $0.22 by 0.05. This compares to $0.01 EPS in the same period last year. The net profit margin was 11.77% and return on equity was 9.44% for DT. The company reported revenue of $332.89 million for the quarter, compared to $267.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.55 percent. For the current quarter, analysts expect DT to generate $344.45M 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.

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