Shares of Dynatrace, Inc. (NYSE:DT – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 9,555,595 shares were traded during trading, an increase of 50% from the previous session’s volume of 6,376,856 shares.The stock last traded at $48.4080 and had previously closed at $47.61.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Wedbush set a $48.00 price objective on shares of 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 research note on Thursday, August 6th. Weiss Ratings upgraded Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. lowered their price objective on shares of Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Thursday, June 25th. Twenty-two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.96.
Check Out Our Latest Analysis on Dynatrace
Dynatrace Stock Performance
Dynatrace (NYSE:DT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm had revenue of $554.55 million during the quarter, compared to analyst estimates of $550.01 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. On average, equities research analysts anticipate that Dynatrace, Inc. will post 1.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Dynatrace
A number of large investors have recently modified their holdings of DT. NewEdge Advisors LLC lifted its holdings in Dynatrace by 25.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock worth $431,000 after buying an additional 1,846 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Dynatrace by 19.2% during the first quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock valued at $102,000 after acquiring an additional 348 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Dynatrace by 21.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after acquiring an additional 272 shares during the last quarter. Invesco Ltd. increased its position in Dynatrace by 38.9% in the second quarter. Invesco Ltd. now owns 793,630 shares of the company’s stock worth $43,816,000 after purchasing an additional 222,395 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Dynatrace in the second quarter worth about $410,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.
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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