Dynatrace (NYSE:DT) Price Target Raised to $74.00

Dynatrace (NYSE:DT – Free Report) had its target price raised by UBS Group from $65.00 to $74.00 in a research report sent to investors on Thursday, MarketBeat.com reports. UBS Group currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on DT. Truist Financial increased their price target on Dynatrace from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Weiss Ratings upgraded Dynatrace from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Zacks Research lowered shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Morgan Stanley upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $58.00 to $65.00 in a report on Tuesday, August 25th. Finally, The Goldman Sachs Group lifted their target price on shares of Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Twenty-three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.89.

Read Our Latest Research Report on DT

Dynatrace Stock Performance

NYSE DT opened at $59.27 on Thursday. The stock has a market capitalization of $17.13 billion, a P/E ratio of 118.54, a P/E/G ratio of 3.67 and a beta of 0.77. Dynatrace has a 1 year low of $31.64 and a 1 year high of $60.24. The business’s fifty day moving average is $51.70 and its two-hundred day moving average is $44.00.

Dynatrace (NYSE:DT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $554.55 million during the quarter, compared to the consensus estimate of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 EPS. 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, research analysts forecast that Dynatrace will post 1.1 earnings per share for the current year.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction on Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the transaction, the executive vice president owned 904,846 shares in the company, valued at approximately $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several hedge funds have recently bought and sold shares of DT. Polaris Financial Partners purchased a new position in Dynatrace during the 3rd quarter valued at about $229,000. Versant Capital Management Inc lifted its position in shares of Dynatrace by 2.8% in the third quarter. Versant Capital Management Inc now owns 11,694 shares of the company’s stock worth $675,000 after purchasing an additional 315 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Dynatrace by 13.8% in the second quarter. QRG Capital Management Inc. now owns 23,178 shares of the company’s stock worth $1,018,000 after purchasing an additional 2,803 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Dynatrace by 25.2% during the second quarter. Sequoia Financial Advisors LLC now owns 100,563 shares of the company’s stock worth $4,416,000 after purchasing an additional 20,222 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Dynatrace by 8.6% during the second quarter. Tidal Investments LLC now owns 65,002 shares of the company’s stock worth $2,854,000 after purchasing an additional 5,136 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Dynatrace

(Get Free Report)

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company’s products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.

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Analyst Recommendations for Dynatrace (NYSE:DT)

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