Dynatrace (NYSE:DT) Updates Q4 Earnings Guidance

Dynatrace (NYSE:DTGet Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.26-$0.28 for the period, compared to the consensus earnings per share estimate of $0.25. The company issued revenue guidance of $372-$377 million, compared to the consensus revenue estimate of $372.71 million. Dynatrace also updated its FY 2024 guidance to 1.160-1.180 EPS.

Dynatrace Stock Performance

NYSE DT opened at $53.80 on Friday. The company has a market capitalization of $15.84 billion, a PE ratio of 81.52, a price-to-earnings-growth ratio of 7.11 and a beta of 1.13. The business’s fifty day moving average is $55.88 and its 200 day moving average is $50.91. Dynatrace has a fifty-two week low of $37.21 and a fifty-two week high of $61.41.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JMP Securities lifted their target price on Dynatrace from $56.00 to $68.00 and gave the company a market outperform rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut their price objective on shares of Dynatrace from $69.00 to $65.00 and set an overweight rating on the stock in a research report on Friday. Citigroup boosted their target price on shares of Dynatrace from $58.00 to $68.00 and gave the company a buy rating in a research note on Monday, January 22nd. Royal Bank of Canada reaffirmed an outperform rating and issued a $66.00 price objective on shares of Dynatrace in a research note on Friday. Finally, Guggenheim initiated coverage on shares of Dynatrace in a research note on Monday, October 23rd. They issued a buy rating and a $58.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $60.50.

Get Our Latest Stock Report on DT

Insider Buying and Selling

In related news, SVP Dan Zugelder sold 6,497 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $54.59, for a total transaction of $354,671.23. Following the completion of the transaction, the senior vice president now owns 102,616 shares of the company’s stock, valued at $5,601,807.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Dynatrace news, SVP Dan Zugelder sold 6,497 shares of Dynatrace stock in a transaction on Friday, December 15th. The shares were sold at an average price of $54.59, for a total value of $354,671.23. Following the completion of the transaction, the senior vice president now owns 102,616 shares of the company’s stock, valued at $5,601,807.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bernd Greifeneder sold 4,715 shares of Dynatrace stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $54.63, for a total transaction of $257,580.45. Following the completion of the sale, the senior vice president now owns 996,916 shares in the company, valued at approximately $54,461,521.08. The disclosure for this sale can be found here. Insiders sold a total of 94,896 shares of company stock valued at $5,207,653 over the last 90 days. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC boosted its holdings in Dynatrace by 50.9% in the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Dynatrace by 5.1% in the second quarter. Kestra Advisory Services LLC now owns 5,450 shares of the company’s stock valued at $281,000 after buying an additional 265 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Dynatrace by 5.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,024 shares of the company’s stock valued at $259,000 after buying an additional 272 shares in the last quarter. M&T Bank Corp increased its position in shares of Dynatrace by 3.5% during the third quarter. M&T Bank Corp now owns 10,620 shares of the company’s stock worth $370,000 after purchasing an additional 355 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Dynatrace by 6.1% during the first quarter. Franklin Resources Inc. now owns 7,055 shares of the company’s stock worth $298,000 after purchasing an additional 404 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Dynatrace (NYSE:DT)

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