Dynatrace (NYSE:DT – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.
Several other research firms have also recently weighed in on DT. Cantor Fitzgerald upped their price objective on shares of Dynatrace from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wedbush set a $48.00 price target on shares of Dynatrace in a research report on Friday, May 15th. Truist Financial boosted their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Citigroup restated a “buy” rating on shares of Dynatrace in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.77.
Check Out Our Latest Report on Dynatrace
Dynatrace Stock Down 0.3%
Dynatrace (NYSE:DT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company 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 expect that Dynatrace will post 1.14 EPS for the current year.
Institutional Trading of Dynatrace
Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in Dynatrace by 25.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock worth $431,000 after purchasing an additional 1,846 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Dynatrace by 19.2% in the first quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock valued at $102,000 after buying an additional 348 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Dynatrace by 21.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after buying an additional 272 shares during the last quarter. Invesco Ltd. boosted its position in Dynatrace by 38.9% during the 2nd quarter. Invesco Ltd. now owns 793,630 shares of the company’s stock worth $43,816,000 after buying an additional 222,395 shares during the period. Finally, Marshall Wace LLP bought a new stake in Dynatrace during the 2nd quarter worth approximately $410,000. Institutional investors own 94.28% of the company’s stock.
Dynatrace Company Profile
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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