Dynatrace (NYSE:DT – Get Free Report) had its target price increased by investment analysts at Royal Bank Of Canada from $59.00 to $73.00 in a report issued on Monday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 13.36% from the company’s current price.
A number of other analysts also recently issued reports on DT. Needham & Company LLC raised shares of Dynatrace from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Friday, September 18th. BTIG Research restated a “buy” rating and set a $62.00 price objective on shares of Dynatrace in a research report on Tuesday, September 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $75.00 target price on shares of Dynatrace in a research report on Sunday. DA Davidson boosted their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Twenty-four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $59.14.
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Dynatrace Price Performance
Dynatrace (NYSE:DT – Get Free Report) last released its quarterly earnings data 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 return on equity of 11.07% and a net margin of 7.22%. The company had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. During the same period last year, the firm posted $0.42 earnings per share. Dynatrace’s 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, sell-side analysts anticipate that Dynatrace will post 1.11 earnings per share for the current year.
Insider Activity
In other Dynatrace 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Dynatrace
Institutional investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA increased its stake in shares of Dynatrace by 7.9% in the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock worth $584,649,000 after purchasing an additional 1,160,690 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Dynatrace by 23.5% during the 2nd 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 period. Bank of America Corp DE raised its position in shares of Dynatrace by 304.7% during 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 purchasing an additional 7,045,591 shares during the period. First Trust Advisors LP lifted its stake 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 valued at $251,520,000 after buying an additional 5,958,505 shares in the last quarter. Finally, Amundi lifted its stake in shares of Dynatrace by 461.5% during the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock valued at $230,716,000 after buying an additional 5,127,910 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.
About Dynatrace
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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