Dynatrace (NYSE:DT) Shares Gap Up to $44.43

Dynatrace, Inc. (NYSE:DT) gapped up prior to trading on Thursday . The stock had previously closed at $44.43, but opened at $46.14. Dynatrace shares last traded at $45.70, with a volume of 518,552 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DT shares. Rosenblatt Securities boosted their price target on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Truist Financial boosted their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Jefferies Financial Group upgraded Dynatrace from a “hold” rating to a “buy” rating and upped their target price for the stock from $50.00 to $70.00 in a report on Friday, January 5th. JMP Securities upped their target price on Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a report on Friday, February 2nd. Finally, Scotiabank upped their target price on Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.04.

Dynatrace Trading Up 4.6 %

The firm has a 50-day simple moving average of $47.91 and a two-hundred day simple moving average of $50.87. The company has a market capitalization of $13.68 billion, a price-to-earnings ratio of 69.38, a P/E/G ratio of 3.82 and a beta of 1.07.

Dynatrace (NYSE:DT) last posted its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. Equities research analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current year.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the transaction, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the completion of the transaction, the senior vice president now directly owns 89,425 shares in the company, valued at $4,704,649.25. The disclosure for this sale can be found here. Insiders have sold a total of 14,278,591 shares of company stock valued at $750,893,396 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DT. Raymond James Financial Services Advisors Inc. lifted its stake in Dynatrace by 62.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,699 shares of the company’s stock valued at $363,000 after buying an additional 2,966 shares in the last quarter. HighTower Advisors LLC lifted its stake in Dynatrace by 42.6% in the 1st quarter. HighTower Advisors LLC now owns 5,353 shares of the company’s stock worth $250,000 after purchasing an additional 1,598 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Dynatrace by 61.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,022 shares of the company’s stock worth $378,000 after purchasing an additional 3,039 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Dynatrace in the 1st quarter worth approximately $582,000. Finally, Raymond James Trust N.A. lifted its stake in Dynatrace by 39.5% in the 1st quarter. Raymond James Trust N.A. now owns 6,511 shares of the company’s stock worth $307,000 after purchasing an additional 1,845 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Company Profile

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.