Dynatrace (NYSE:DT) Given New $75.00 Price Target at Wells Fargo & Company

Dynatrace (NYSE:DT) had its price objective boosted by analysts at Wells Fargo & Company from $60.00 to $75.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 18.43% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Needham & Company LLC upgraded shares of Dynatrace from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Friday, September 18th. Yorkville Ives started coverage on shares of Dynatrace in a research report on Tuesday, October 6th. They issued an “in-line” rating and a $62.00 price target on the stock. Oppenheimer lifted their price objective on shares of Dynatrace from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. Barclays lifted their price objective on shares of Dynatrace from $60.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, October 13th. Finally, Wedbush cut shares of Dynatrace from an “outperform” rating to a “neutral” rating and set a $54.00 target price on the stock. in a report on Thursday, September 10th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $62.72.

Dynatrace Stock Down 0.7%

Shares of NYSE DT traded down $0.42 during trading on Wednesday, reaching $63.33. 566,722 shares of the stock traded hands, compared to its average volume of 6,508,708. Dynatrace has a 52-week low of $31.64 and a 52-week high of $66.30. The company has a 50-day moving average of $56.92 and a 200-day moving average of $44.25.

Dynatrace (NYSE:DT) last announced its quarterly earnings data 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. The firm had revenue of $554.55 million during the quarter, compared to analysts’ expectations of $550.01 million. During the same period last year, the business posted $0.42 EPS. The company’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, equities research analysts anticipate that Dynatrace will post 1.11 EPS for the current year.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $57.21, for a total value of $2,860,500.00. Following the completion of the transaction, the executive vice president directly owned 904,846 shares in the company, valued at approximately $51,766,239.66. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Dynatrace

Hedge funds and other institutional investors have recently bought and sold shares of the company. Argent Capital Management LLC bought a new stake in Dynatrace during the third quarter valued at approximately $21,868,000. 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 buying an additional 2,191,497 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Dynatrace by 12.0% during the 4th quarter. Hsbc Holdings PLC now owns 243,259 shares of the company’s stock valued at $10,568,000 after buying an additional 26,129 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Dynatrace during the 2nd quarter valued at $5,717,000. Finally, American Capital Management Inc. bought a new stake in shares of Dynatrace during the 1st quarter worth $38,987,000. Institutional investors 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.