Cantor Fitzgerald Issues Positive Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT – Free Report) had its target price hoisted by Cantor Fitzgerald from $47.00 to $65.00 in a research note issued to investors on Friday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on DT. Wells Fargo & Company increased their target price on Dynatrace from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Research cut Dynatrace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded Dynatrace from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. KeyCorp increased their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Twenty-four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $63.97.

Read Our Latest Research Report on Dynatrace

Dynatrace Trading Down 5.6%

Shares of DT opened at $57.59 on Friday. The stock has a market cap of $16.64 billion, a P/E ratio of 62.22, a PEG ratio of 3.74 and a beta of 0.77. The company has a 50-day moving average of $57.59 and a two-hundred day moving average of $44.52. Dynatrace has a 12-month low of $31.64 and a 12-month high of $66.30.

Dynatrace (NYSE:DT – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating 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 business had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. During the same period in the prior year, the business earned $0.42 earnings per share. The company’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, analysts forecast that Dynatrace will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently made changes to their positions in DT. Bank of America Corp DE grew its holdings in Dynatrace by 304.7% in the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock valued at $346,044,000 after buying an additional 7,045,591 shares during the period. First Trust Advisors LP lifted its holdings in shares of Dynatrace by 706.8% during the 1st quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after acquiring an additional 5,958,505 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Dynatrace in the first quarter worth approximately $190,890,000. Amundi boosted its position in shares of Dynatrace by 461.5% in the first quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after acquiring an additional 5,127,910 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Dynatrace in the second quarter worth approximately $114,885,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Dynatrace

(Get Free Report)

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.

Further Reading

Analyst Recommendations for Dynatrace (NYSE:DT)

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