Jefferies Financial Group Boosts Dynatrace (NYSE:DT) Price Target to $65.00

Dynatrace (NYSE:DT) had its target price hoisted by Jefferies Financial Group from $60.00 to $65.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

DT has been the subject of several other reports. Loop Capital lowered their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. BNP Paribas assumed coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target on the stock. Piper Sandler started coverage on Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target on the stock. Scotiabank boosted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Finally, Guggenheim raised their price target on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $60.46.

Dynatrace Stock Up 1.7 %

Shares of Dynatrace stock opened at $54.13 on Tuesday. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 104.10, a P/E/G ratio of 7.93 and a beta of 1.06. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The company’s fifty day moving average is $51.83 and its 200 day moving average is $47.70.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same quarter last year, the business earned $0.16 EPS. The company’s revenue was up 19.9% compared to the same quarter last year. As a group, equities analysts anticipate that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 41,471 shares in the company, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock valued at $3,397,904. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after acquiring an additional 1,680,971 shares during the period. US Bancorp DE grew its position in shares of Dynatrace by 89.7% in the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock valued at $2,251,000 after purchasing an additional 22,928 shares in the last quarter. Norden Group LLC bought a new stake in shares of Dynatrace during the 1st quarter valued at $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Dynatrace by 640.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock worth $8,469,000 after purchasing an additional 157,739 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Dynatrace in the 2nd quarter worth about $1,295,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.