JPMorgan Chase & Co. Issues Positive Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its price target hoisted by JPMorgan Chase & Co. from $55.00 to $60.00 in a research report report published on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

DT has been the subject of several other research reports. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Jefferies Financial Group raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. Scotiabank increased their price target on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, August 8th. Finally, BNP Paribas started coverage on shares of Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $60.46.

Dynatrace Stock Down 0.1 %

Shares of Dynatrace stock opened at $55.06 on Wednesday. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.41. The stock has a 50 day moving average price of $52.30 and a two-hundred day moving average price of $47.95. The stock has a market capitalization of $16.40 billion, a P/E ratio of 105.88, a PEG ratio of 7.93 and a beta of 1.06.

Dynatrace (NYSE:DT) last posted its quarterly earnings data 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. The business had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. Dynatrace’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. Sell-side analysts anticipate that Dynatrace will post 0.71 earnings per share for the current year.

Insider Activity at Dynatrace

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

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently modified their holdings of DT. Vanguard Group Inc. grew its holdings in Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after acquiring an additional 1,680,971 shares during the period. US Bancorp DE increased its holdings in 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 during the last quarter. Norden Group LLC acquired a new position in Dynatrace in the first quarter valued at about $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Dynatrace by 640.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock worth $8,469,000 after buying an additional 157,739 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Dynatrace during the second quarter worth about $1,295,000. 94.28% of the stock is 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.