Jefferies Financial Group Boosts Dynatrace (NYSE:DT) Price Target to $46.00

Dynatrace (NYSE:DT) had its price target increased by Jefferies Financial Group from $35.00 to $46.00 in a research report report published on Thursday, The Fly reports. Jefferies Financial Group currently has a hold rating on the stock. The analysts noted that the move was a valuation call.

Several other research analysts have also recently weighed in on DT. Needham & Company LLC lifted their price target on shares of Dynatrace from $38.00 to $50.00 and gave the stock a buy rating in a research note on Monday, July 27th. Royal Bank of Canada lifted their price target on shares of Dynatrace from $38.00 to $46.00 and gave the stock an outperform rating in a research note on Tuesday, July 21st. JMP Securities boosted their price objective on shares of Dynatrace from $32.00 to $37.00 and gave the company an outperform rating in a research report on Wednesday, May 13th. Bank of America reaffirmed a buy rating and issued a $40.00 price target on shares of Dynatrace in a research report on Tuesday, July 28th. Finally, DA Davidson upped their price target on shares of Dynatrace from $34.00 to $40.00 and gave the stock a buy rating in a research report on Wednesday, May 13th. Four analysts have rated the stock with a hold rating and fifteen have given 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.

Shares of DT stock traded down $0.54 during trading hours on Thursday, reaching $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 firm’s 50 day simple moving average is $41.34 and its 200-day simple moving average is $32.72. The company has a market capitalization of $11.76 billion and a price-to-earnings ratio of -30.76. Dynatrace has a fifty-two week low of $17.05 and a fifty-two week high of $44.65. 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 (NYSE:DT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $155.51 million during the quarter, compared to analyst estimates of $149.63 million. During the same period last year, the company posted $0.04 EPS. The business’s quarterly revenue was up 26.9% on a year-over-year basis. Sell-side analysts predict that Dynatrace will post 0.2 earnings per share for the current year.

In other Dynatrace news, SVP Stephen J. Pace sold 50,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were 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 directly owns 266,437 shares of the company’s stock, valued at approximately $11,486,099.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Siclen John Van sold 55,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 1,689,693 shares in the company, valued at $55,709,178.21. The disclosure for this sale can be found here. Insiders sold a total of 30,509,874 shares of company stock worth $1,047,682,132 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DT. Comerica Bank acquired a new stake in Dynatrace during the 2nd quarter worth about $276,000. UBS Group AG lifted its holdings in shares of Dynatrace by 38.6% during the 2nd quarter. UBS Group AG now owns 144,906 shares of the company’s stock valued at $5,884,000 after buying an additional 40,327 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Dynatrace in the 2nd quarter valued at approximately $324,000. Brinker Capital Inc. bought a new position in shares of Dynatrace in the 2nd quarter valued at approximately $471,000. Finally, M&T Bank Corp bought a new position in shares of Dynatrace in the 2nd quarter valued at approximately $412,000. 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.

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