Dynatrace (NYSE:DT – Get Free Report) had its price target hoisted by investment analysts at Truist Financial from $60.00 to $70.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 8.86% from the company’s previous close.
Several other research analysts also recently issued reports on the company. DA Davidson upped their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. BNP Paribas Exane upgraded shares of Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Thursday, October 8th. UBS Group lifted their target price on shares of Dynatrace from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Morgan Stanley raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $58.00 to $65.00 in a report on Tuesday, August 25th. Finally, Scotiabank restated an “outperform” rating and issued a $61.00 price target on shares of Dynatrace in a research report on Thursday, August 6th. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $60.69.
Read Our Latest Stock Report on Dynatrace
Dynatrace Stock Up 1.0%
DT opened at $64.30 on Wednesday. The company has a fifty day simple moving average of $55.50 and a 200 day simple moving average of $46.12. The stock has a market cap of $18.58 billion, a P/E ratio of 127.08, a P/E/G ratio of 3.78 and a beta of 0.77. 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 data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $554.55 million for 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%. Dynatrace’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the business posted $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, equities research analysts expect that Dynatrace will post 1.11 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other 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 value of $2,860,500.00. Following the transaction, the executive vice president directly owned 904,846 shares of the company’s stock, valued at $51,766,239.66. The trade was a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.69% of the company’s stock.
Institutional Investors Weigh In On Dynatrace
Several large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in Dynatrace by 3.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 37,316 shares of the company’s stock worth $2,155,000 after purchasing an additional 1,335 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Dynatrace by 966.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 39,191 shares of the company’s stock worth $2,263,000 after buying an additional 35,516 shares in the last quarter. 55 North Private Wealth LLC bought a new position in shares of Dynatrace during the 3rd quarter worth approximately $203,000. Pension & Wealth Management Advisors Inc. boosted its stake in shares of Dynatrace by 42.6% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 6,508 shares of the company’s stock worth $376,000 after buying an additional 1,943 shares during the last quarter. Finally, B.A. Schrock Wealth Management Inc. purchased a new position in shares of Dynatrace in the 3rd quarter worth approximately $1,695,000. Institutional investors and hedge funds own 94.28% of the company’s stock.
Dynatrace Company Profile
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.
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