Dynatrace (NYSE:DT) had its target price hoisted by Royal Bank of Canada from $46.00 to $55.00 in a research report report published on Thursday, The Fly reports. Royal Bank of Canada currently has an outperform rating on the stock.

DT has been the topic of a number of other reports. Needham & Company LLC lifted their price objective on shares of Dynatrace from $38.00 to $50.00 and gave the company a buy rating in a research note on Monday, July 27th. UBS Group lifted their price objective on shares of Dynatrace from $36.00 to $39.00 and gave the company a buy rating in a research note on Wednesday, May 13th. Barclays lifted their price objective on shares of Dynatrace from $38.00 to $48.00 and gave the company an overweight rating in a research note on Monday, July 20th. Jefferies Financial Group lifted their price objective on shares of Dynatrace from $35.00 to $46.00 and gave the company a hold rating in a research note on Thursday. They noted that the move was a valuation call. Finally, Raymond James lifted their price objective on shares of Dynatrace from $27.00 to $40.00 and gave the company an outperform rating in a research note on Tuesday, May 19th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $39.76.

DT stock traded down $0.54 during midday trading on Thursday, hitting $41.83. The company’s stock had a trading volume of 1,263,040 shares, compared to its average volume of 2,295,187. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.53. Dynatrace has a 52-week low of $17.05 and a 52-week high of $44.65. The firm has a market capitalization of $11.76 billion and a P/E ratio of -30.76. The firm has a 50-day simple moving average of $41.34 and a 200-day simple moving average of $32.72.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Dynatrace had a negative net margin of 61.51% and a negative return on equity of 8.18%. The business had revenue of $155.51 million during the quarter, compared to analysts’ expectations of $149.63 million. During the same period in the previous year, the company earned $0.04 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, sell-side analysts expect that Dynatrace will post 0.2 earnings per share for the current fiscal year.

In other Dynatrace news, CEO Siclen John Van sold 55,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $32.97, for a total transaction of $1,813,350.00. Following the transaction, the chief executive officer now directly owns 1,689,693 shares in the company, valued at $55,709,178.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin C. Burns sold 80,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $34.65, for a total transaction of $2,772,000.00. Following the transaction, the chief financial officer now owns 88,900 shares in the company, valued at $3,080,385. The disclosure for this sale can be found here. Insiders have sold 30,509,874 shares of company stock worth $1,047,682,132 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new stake in shares of Dynatrace in the fourth quarter valued at about $2,530,000. Citigroup Inc. lifted its holdings in shares of Dynatrace by 5.4% in the first quarter. Citigroup Inc. now owns 16,676 shares of the company’s stock valued at $398,000 after purchasing an additional 852 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Dynatrace in the second quarter valued at about $43,000. American International Group Inc. lifted its holdings in shares of Dynatrace by 249.6% in the first quarter. American International Group Inc. now owns 2,797 shares of the company’s stock valued at $67,000 after purchasing an additional 1,997 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Dynatrace in the second quarter valued at about $122,000. 91.20% of the stock is currently owned by institutional investors.

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.

Further Reading: How to interpret Moving Average Convergence Divergence (MACD)

The Fly

Analyst Recommendations for Dynatrace (NYSE:DT)

Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.