1 day Ago By ABMN Staff
Shares of Dynatrace, Inc. ( NYSE:DT – Get Free Report ) have received an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, Marketbeat.com reports.
Six investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $59.70.
DT has been the subject of a number of analyst reports. Piper Sandler assumed coverage on Dynatrace in a report on Thursday, June 27th. They issued a “neutral” rating and a $50.
00 price target for the company. Loop Capital reduced their target price on Dynatrace from $50.00 to $45.
00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Guggenheim decreased their price target on Dynatrace from $60.00 to $55.
00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Wells Fargo & Company cut their price objective on shares of Dynatrace from $60.00 to $50.
00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. View Our Latest Stock Analysis on DT Insider Activity Hedge Funds Weigh In On Dynatrace Hedge funds and other institutional investors have recently modified their holdings of the company.
Principal Securities Inc. bought a new stake in shares of Dynatrace in the fourth quarter worth about $131,000. Quadrant Capital Group LLC grew its position in shares of Dynatrace by 29.
4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,591 shares of the company’s stock worth $142,000 after buying an additional 588 shares during the last quarter. Norges Bank purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $148,515,000.
PNC Financial Services Group Inc. raised its holdings in shares of Dynatrace by 6.6% during the fourth quarter.
PNC Financial Services Group Inc. now owns 26,379 shares of the company’s stock valued at $1,443,000 after acquiring an additional 1,632 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Dynatrace by 14.
5% during the fourth quarter. UBS Group AG now owns 353,880 shares of the company’s stock valued at $19,354,000 after acquiring an additional 44,842 shares in the last quarter. 94.
28% of the stock is owned by institutional investors. Dynatrace Price Performance Shares of DT opened at $52.09 on Wednesday.
Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41.
The stock’s fifty day moving average price is $47.15 and its two-hundred day moving average price is $46.44.
The firm has a market cap of $15.53 billion, a PE ratio of 100.17, a PEG ratio of 7.
63 and a beta of 1.05. Dynatrace ( NYSE:DT – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 7th.
The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.
04. Dynatrace had a return on equity of 9.77% and a net margin of 10.
36%. The business had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.
22 million. During the same period in the previous year, the business posted $0.16 EPS.
The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. Sell-side analysts anticipate that Dynatrace will post 0.
71 earnings per share for the current fiscal year. Dynatrace Company Profile ( Get Free Report 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.
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