Dynatrace (NYSE:DT) Price Target Raised to $70.00

Dynatrace (NYSE:DT) had its price objective hoisted by Rosenblatt Securities from $62.00 to $70.00 in a research note released on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on DT. Yorkville Ives began coverage on Dynatrace in a report on Tuesday, October 6th. They set an “in-line” rating and a $62.00 price objective on the stock. KeyCorp upped their target price on Dynatrace from $53.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Oppenheimer increased their target price on Dynatrace from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. Zacks Research downgraded shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, BMO Capital Markets lifted their price target on shares of Dynatrace from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Twenty-four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.97.

Dynatrace Price Performance

Dynatrace stock opened at $57.59 on Thursday. Dynatrace has a 12-month low of $31.64 and a 12-month high of $66.30. The company has a market capitalization of $16.64 billion, a price-to-earnings ratio of 115.18, a price-to-earnings-growth ratio of 3.54 and a beta of 0.77. The firm’s fifty day moving average price is $57.59 and its 200 day moving average price is $44.52.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company had revenue of $554.55 million during the quarter, compared to analysts’ expectations of $550.01 million. During the same period in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter 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. Analysts forecast that Dynatrace will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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

Several institutional investors and hedge funds have recently bought and sold shares of DT. Argent Capital Management LLC acquired a new position in shares of Dynatrace during the third quarter valued at $21,868,000. Wellington Management Group LLP raised its stake in shares of Dynatrace by 23.5% during the second 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 in the last quarter. Hsbc Holdings PLC raised its stake in shares of Dynatrace by 12.0% during the fourth quarter. Hsbc Holdings PLC now owns 243,259 shares of the company’s stock valued at $10,568,000 after purchasing an additional 26,129 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of Dynatrace during the second quarter valued at about $5,717,000. Finally, American Capital Management Inc. acquired a new stake in Dynatrace in the first quarter worth about $38,987,000. 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.