Truist Financial Increases Dynatrace (NYSE:DT) Price Target to $55.00

Dynatrace (NYSE:DTGet Free Report) had its price target lifted by equities research analysts at Truist Financial from $45.00 to $55.00 in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 26.04% from the stock’s current price.

DT has been the topic of several other reports. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Thursday, June 25th. Scotiabank dropped their price objective on shares of Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 14th. DA Davidson cut their price objective on shares of Dynatrace from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Canaccord Genuity Group decreased their target price on shares of Dynatrace from $50.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Finally, Barclays lowered their target price on Dynatrace from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Twenty-two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.27.

Check Out Our Latest Research Report on Dynatrace

Dynatrace Price Performance

NYSE DT opened at $43.64 on Thursday. The stock’s 50 day simple moving average is $41.37 and its 200-day simple moving average is $39.30. The company has a market cap of $12.72 billion, a PE ratio of 80.81, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. Dynatrace has a 1-year low of $31.64 and a 1-year high of $55.49.

Dynatrace (NYSE:DTGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $531.72 million during the quarter, compared to the consensus estimate of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. On average, equities research analysts anticipate that Dynatrace will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Dynatrace

Large investors have recently bought and sold shares of the stock. Forsta AP Fonden raised its holdings in shares of Dynatrace by 60.4% in the 4th quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock valued at $8,685,000 after purchasing an additional 75,500 shares in the last quarter. UNIVEST FINANCIAL Corp purchased a new stake in Dynatrace during the 4th quarter worth about $1,212,000. LBP AM SA increased its holdings in shares of Dynatrace by 9.8% in the 4th quarter. LBP AM SA now owns 776,955 shares of the company’s stock valued at $33,673,000 after acquiring an additional 69,318 shares during the last quarter. Temasek Holdings Private Ltd increased its holdings in shares of Dynatrace by 125.1% in the 3rd quarter. Temasek Holdings Private Ltd now owns 1,989,098 shares of the company’s stock valued at $96,372,000 after acquiring an additional 1,105,508 shares during the last quarter. Finally, AXQ Capital LP raised its position in shares of Dynatrace by 651.7% during the 4th quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock worth $1,497,000 after acquiring an additional 29,952 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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About Dynatrace

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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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Analyst Recommendations for Dynatrace (NYSE:DT)

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