Dynatrace (NYSE:DT – Free Report) had its price objective cut by Citigroup from $75.00 to $70.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.
A number of other research firms have also recently weighed in on DT. TD Cowen boosted their target price on shares of Dynatrace from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, October 26th. KeyCorp increased their price target on Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Wells Fargo & Company dropped their price target on shares of Dynatrace from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday. Yorkville Ives assumed coverage on shares of Dynatrace in a report on Tuesday, October 6th. They issued an “in-line” rating and a $62.00 price objective for the company. Finally, Morgan Stanley upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $58.00 to $65.00 in a research note on Tuesday, August 25th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.00.
Dynatrace Price Performance
Shares of NYSE DT traded down $0.28 during mid-day trading on Wednesday, reaching $43.42. 9,776,876 shares of the company’s stock were exchanged, compared to its average volume of 7,832,414. The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 80.40, a price-to-earnings-growth ratio of 3.38 and a beta of 0.76. Dynatrace has a 52 week low of $31.64 and a 52 week high of $66.30. The firm has a 50-day moving average price of $57.24 and a two-hundred day moving average price of $44.70.
Dynatrace (NYSE:DT – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $579.92 million for the quarter, compared to the consensus estimate of $568.03 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. As a group, sell-side analysts forecast that Dynatrace will post 1.11 EPS for the current fiscal year.
Dynatrace announced that its Board of Directors has initiated a share buyback program on Tuesday, November 3rd that allows the company to buy back $1 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 6.3% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
Insider Transactions at Dynatrace
In related news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 904,846 shares in the company, valued at $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.69% of the company’s stock.
Hedge Funds Weigh In On Dynatrace
Institutional investors have recently added to or reduced their stakes in the business. Argent Capital Management LLC bought a new position in shares of Dynatrace in the third quarter worth approximately $21,868,000. B.A. Schrock Wealth Management Inc. purchased a new stake in Dynatrace in the third quarter valued at approximately $1,695,000. Boston Trust Walden Corp raised its stake in Dynatrace by 31.2% in the third quarter. Boston Trust Walden Corp now owns 1,719,609 shares of the company’s stock valued at $99,290,000 after purchasing an additional 409,003 shares in the last quarter. Wellington Management Group LLP lifted its position in Dynatrace by 23.5% during the second quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after purchasing an additional 2,191,497 shares during the last quarter. Finally, AIA Group Ltd bought a new stake in Dynatrace during the third quarter valued at approximately $4,637,000. 94.28% of the stock is currently owned by institutional investors.
Dynatrace News Summary
Here are the key news stories impacting Dynatrace this week:
- Positive Sentiment: Scotiabank maintained its Buy rating, signaling continued confidence in Dynatrace’s prospects. Scotiabank Sticks to Its Buy Rating for Dynatrace
- Positive Sentiment: Dynatrace’s board declared a share-buyback plan, which could support demand for the stock; the available report does not specify its size. Dynatrace Board Declares Share Buyback Plan
- Neutral Sentiment: Dynatrace is pairing AI security with observability, a strategic move that could open opportunities, though the article headline alone does not establish its likely near-term financial impact. Why Is Dynatrace Pairing AI Security With Observability Now?
- Negative Sentiment: Several analysts lowered price targets, including RBC to $68, Citi to $70, and Wedbush to $50 while retaining a Neutral rating. Although UBS also cut its target—to $75—it kept a Buy rating. Repeated reductions may add pressure despite targets remaining above the recent share price. RBC Cuts Dynatrace Price Target Citi Sets New Price Target Wedbush Trims Price Target
- Negative Sentiment: Commentary points to slower momentum and delayed enterprise deals weighing on the outlook, with Q4 seen as an important test. Shares also crossed below their 200-day moving average, a technical signal that can reinforce bearish sentiment. Dynatrace Q2 Review Delayed Enterprise Deals Weigh on Outlook Stock Crosses Below 200-Day Moving Average
About Dynatrace
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.
See Also
- Five stocks we like better than Dynatrace
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.
