Dynatrace (NYSE:DT) Sees Strong Trading Volume Following Analyst Upgrade

Dynatrace, Inc. (NYSE:DT) saw an uptick in trading volume on Tuesday after Citigroup raised their price target on the stock from $62.00 to $65.00. Citigroup currently has a buy rating on the stock. 9,555,595 shares changed hands during mid-day trading, an increase of 50% from the previous session’s volume of 6,376,856 shares.The stock last traded at $48.4080 and had previously closed at $47.61.

A number of other research analysts have also recently weighed in on the stock. Rothschild & Co Redburn initiated coverage on shares of Dynatrace in a research note on Thursday, April 23rd. They issued a “neutral” rating and a $40.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Thursday, June 25th. Cantor Fitzgerald lifted their price target on shares of Dynatrace from $37.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Guggenheim lowered Dynatrace from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Dynatrace in a research report on Thursday, August 6th. Twenty-two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $54.54.

Institutional Trading of Dynatrace

Institutional investors have recently added to or reduced their stakes in the stock. Brown Lisle Cummings Inc. increased its position in shares of Dynatrace by 218.8% during the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after buying an additional 547 shares during the period. RHL Group LLC bought a new position in shares of Dynatrace in the fourth quarter valued at approximately $30,000. CX Institutional grew its stake in Dynatrace by 1,119.0% during the second quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after acquiring an additional 649 shares in the last quarter. Larson Financial Group LLC grew its stake in Dynatrace by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after acquiring an additional 508 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Dynatrace by 577.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company’s stock worth $55,000 after purchasing an additional 1,264 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 0.7%

The company’s fifty day simple moving average is $44.59 and its 200 day simple moving average is $40.11. The stock has a market capitalization of $14.33 billion, a P/E ratio of 99.19, a P/E/G ratio of 2.87 and a beta of 0.72.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 16.3% on a year-over-year basis. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. Equities research analysts predict that Dynatrace, Inc. will post 1.15 earnings per share for the current year.

About Dynatrace

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.