Stocks of Dynatrace Inc (NYSE:DT) traded higher last session on Wall Street, up 1.05% to $52.09.
DT stock price is now 11.15% away from the 50-day moving average and 6.24% away from the 200-day moving average. The market capitalization of the company currently stands at $15.52B.
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With the price target of $50, Piper Sandler recently initiated with Neutral rating for Dynatrace Inc (NYSE: DT). , while ‘Needham’ rates the stock as ‘Hold’
In other news, MCCONNELL RICK M, Chief Executive Officer sold 50,000 shares of the company’s stock on Sep 16 ’24. The stock was sold for $2,575,105 at an average price of $51.50. Upon completion of the transaction, the Chief Executive Officer now directly owns 650,587 shares in the company, valued at $33.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer MCCONNELL RICK M bought 80,000 shares of the business’s stock. A total of $4,073,600 was incurred on buying the stock at an average price of $50.92. A total of 1.70% of the company’s stock is owned by insiders.
During the past 12 months, Dynatrace Inc has had a low of $39.42 and a high of $61.41. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 1.26, and a quick ratio of 1.26. According to the stock market information, the enterprise value for the company is $14586773504, which is based on a 100.68 price-to-earnings ratio, a 9.82 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for DT is $47.0026 and a two-hundred day moving average price translates $49.0243 for the stock.
The latest earnings results from Dynatrace Inc (NYSE: DT) was released for 2024-06-30. The net profit margin was 10.36% and return on equity was 8.22% for DT. The company reported revenue of $399.22 million for the quarter, compared to $332.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.93 percent.
