Dynatrace Set to Report Q4 Earnings: What Investors Should Expect?

Dynatrace Stock

Earnings

Before the market opens on Wednesday, February 1st, Dynatrace (DT:NYE) will release its quarterly earnings report. Analysts anticipate the business to report quarterly earnings of $0.22 per share. Dynatrace stock has projected an EPS range of $0.21 to $0.22 for Q3 and $0.81 to $0.83 for FY 2023.

Quarterly Earnings Overview:

Dynatrace (DT:NYE) most recently reported earnings on November 2nd. Earnings per share (EPS) for the quarter came in at $0.11, above the average estimate of $0.08 by $0.03. Compared to analyst projections of $273.92 million, the company’s quarterly sales was $279.33 million.

Dynatrace reported a 7.69% return on equity and a 2.71 % net margin. On average, analysts anticipate Dynatrace to report an EPS of $0 for the current fiscal year and $0 for the following fiscal year.

Dynatrace Stock Price Performance:

On Wednesday, DT stock shares opened at $36.98. The 50-day moving average price of the company is $37.50, while the 200-day moving average price is $37.32.

The firm has a market capitalization of $10.64 billion, a PE ratio of 369.84, a PEG ratio of 5.06, and a beta of 1.18. The company’s quick ratio, current ratio, and debt-to-equity ratio are 1.20, 1.20, and 0.15, respectively.

The twelve-month low for Dynatrace is $29.41 and the twelve-month high is $56.98.

Analyst Ratings:

Royal Bank of Canada decreased their price objective on Dynatrace from $41.00 to $40.00 and set a “outperform” rating on the stock.

Rosenblatt Securities cut their price objective on Dynatrace stock from $53.00 to $46.00 and set a “buy” rating on the stock.

Truist Financial lowered its price target for Dynatrace from $50.00 to $45.00.

Barclays downgraded Dynatrace from “overweight” to “equal weight” and dropped their target price for the business from $42.00 to $39.00.

Robert W. Baird lowered their price objective on Dynatrace from $49.00 to $40.00.

Seven analysts have assigned the stock a hold recommendation, while fourteen have assigned the stock a buy rating. The stock presently has a consensus rating of “Strong Buy” and an average price target of $44.53, according to data from Stock Target Advisor.

Insider Transactions:

Chief Administrative Officer Alicia Allen sold 31,985 shares of Dynatrace stock on Thursday, December 15th. The shares were sold at an average price of $39.77, resulting in a transaction volume of $1,272,043.45 dollars. The chief accounting officer now directly owns 87,281 shares of the company’s stock worth $3,471,165.37 after the sale.

The company’s insiders own 0.51% of DT stock.

Hedge Funds & Institutional Holdings:

Several hedge funds have recently increased or decreased their DT holdings.

In the first quarter, Raymond James Trust N.A. grew its holdings of Dynatrace shares by 39.5%. After purchasing an additional 1,845 shares in the previous quarter, Raymond James Trust N.A. now holds 6,511 shares of the company’s stock valued at $307,000.

Vident Investment Advisory LLC acquired around $306,000 worth of new Dynatrace shares during the first quarter.

Meiji Yasuda Asset Management Co Ltd acquired around $295,000 worth of new Dynatrace shares during the third quarter.

Creative Planning grew its Dynatrace stock holdings by 29.1 percent in the second quarter. Creative Planning now owns 6,836 shares of the Dynatrace stock worth $270,000 after acquiring 1,541 more shares in the last recent quarter.

During the first quarter, HighTower Advisors LLC grew its holdings in Dynatrace shares by 42.6%. After purchasing an additional 1,598 shares in the preceding quarter, HighTower Advisors LLC now holds 5,353 shares of the company’s stock valued at $250,000.

97.17% of the company’s shares are now owned by institutional investors.

Company Profile:

Dynatrace, Inc. provides a software intelligence platform for dynamic multi-cloud environments.

It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences. The company also offers implementation, consulting, and training services.

Dynatrace, Inc. markets its products through a combination of direct sales team and a network of partners, including resellers, system integrators, and managed service providers.

It serves customers in various industries comprising banking, insurance, retail, manufacturing, travel, and software.

The company operates in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Dynatrace, Inc. was founded in 2005 and is headquartered in Waltham, Massachusetts.

 

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