Dynatrace (NYSE:DT) had its target price hoisted by Rosenblatt Securities from $32.00 to $42.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 0.41% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Jefferies Financial Group upped their price target on Dynatrace from $35.00 to $46.00 and gave the stock a “hold” rating in a research note on Thursday. They noted that the move was a valuation call. Needham & Company LLC upped their price target on Dynatrace from $38.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Goldman Sachs Group raised Dynatrace from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $32.00 to $51.00 in a report on Friday, June 19th. They noted that the move was a valuation call. DA Davidson boosted their price objective on Dynatrace from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Bank of America reissued a “buy” rating and set a $40.00 price objective on shares of Dynatrace in a report on Tuesday. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $39.76.

DT stock traded down $0.54 during trading on Thursday, reaching $41.83. 1,263,040 shares of the stock were exchanged, compared to its average volume of 2,295,187. The firm’s 50 day moving average is $41.34 and its 200 day moving average is $32.72. Dynatrace has a twelve month low of $17.05 and a twelve month high of $44.65. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.53. The firm has a market cap of $11.76 billion and a P/E ratio of -30.76.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Dynatrace had a negative return on equity of 8.18% and a negative net margin of 61.51%. The business had revenue of $155.51 million for the quarter, compared to the consensus estimate of $149.63 million. During the same period in the prior year, the business earned $0.04 EPS. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, analysts predict that Dynatrace will post 0.2 earnings per share for the current fiscal year.

In related news, SVP Stephen J. Pace sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $43.11, for a total value of $2,155,500.00. Following the transaction, the senior vice president now owns 266,437 shares in the company, valued at $11,486,099.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevin C. Burns sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $34.65, for a total value of $2,772,000.00. Following the completion of the transaction, the chief financial officer now owns 88,900 shares in the company, valued at approximately $3,080,385. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,509,874 shares of company stock valued at $1,047,682,132. 1.50% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new position in Dynatrace in the fourth quarter valued at approximately $2,530,000. Citigroup Inc. lifted its position in shares of Dynatrace by 5.4% during the first quarter. Citigroup Inc. now owns 16,676 shares of the company’s stock worth $398,000 after acquiring an additional 852 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Dynatrace during the second quarter worth $43,000. American International Group Inc. lifted its position in shares of Dynatrace by 249.6% during the first quarter. American International Group Inc. now owns 2,797 shares of the company’s stock worth $67,000 after acquiring an additional 1,997 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Dynatrace during the second quarter worth $122,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

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Analyst Recommendations for Dynatrace (NYSE:DT)

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