Zacks Research lowered shares of Dynatrace (NYSE:DT – Free Report) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.
DT has been the topic of several other reports. Wedbush set a $48.00 price objective on Dynatrace in a research note on Friday, May 15th. Royal Bank Of Canada increased their target price on shares of Dynatrace from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. William Blair began coverage on shares of Dynatrace in a report on Thursday, May 21st. They issued an “outperform” rating for the company. Canaccord Genuity Group raised their price target on shares of Dynatrace from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, KeyCorp boosted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Twenty-two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.77.
Dynatrace Stock Down 0.3%
Dynatrace (NYSE:DT – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Dynatrace’s quarterly revenue was up 16.3% on a year-over-year basis. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. As a group, research analysts anticipate that Dynatrace will post 1.14 EPS for the current year.
Institutional Investors Weigh In On Dynatrace
Several large investors have recently modified their holdings of DT. Forsta AP Fonden raised its position in shares of Dynatrace by 60.4% in the fourth quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock worth $8,685,000 after buying an additional 75,500 shares in the last quarter. UNIVEST FINANCIAL Corp purchased a new position in Dynatrace during the fourth quarter worth about $1,212,000. LBP AM SA grew its position in Dynatrace by 9.8% during the fourth quarter. LBP AM SA now owns 776,955 shares of the company’s stock worth $33,673,000 after buying an additional 69,318 shares in the last quarter. AXQ Capital LP increased its stake in Dynatrace by 651.7% in the 4th quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock worth $1,497,000 after acquiring an additional 29,952 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Dynatrace by 12.0% in the 4th quarter. Hsbc Holdings PLC now owns 243,259 shares of the company’s stock worth $10,568,000 after acquiring an additional 26,129 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
About Dynatrace
Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.
The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.
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