Dynatrace (NYSE:DT) Stock Gets Price Target Cut from BTIG Research

Dynatrace (NYSE:DT) had its target price trimmed by BTIG Research from $73.00 to $63.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Cantor Fitzgerald raised their price target on shares of Dynatrace from $47.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. BNP Paribas Exane upgraded shares of Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Thursday, October 8th. Oppenheimer lifted their price objective on shares of Dynatrace from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. Finally, Citigroup boosted their price objective on shares of Dynatrace from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Dynatrace Price Performance

DT stock opened at $43.76 on Tuesday. The stock has a 50-day moving average price of $57.45 and a two-hundred day moving average price of $44.68. Dynatrace has a 1 year low of $31.64 and a 1 year high of $66.30. The stock has a market cap of $12.56 billion, a PE ratio of 81.03, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. The company has a current ratio of 2.09, a quick ratio of 1.21 and a debt-to-equity ratio of 0.62.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $579.92 million for the quarter, compared to analyst estimates of $568.03 million. Dynatrace had a return on equity of 12.73% and a net margin of 7.42%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. Equities analysts forecast that Dynatrace will post 1.11 EPS for the current fiscal year.

Dynatrace announced that its Board of Directors has initiated a share repurchase program on Tuesday, November 3rd that permits the company to repurchase $1 billion in outstanding shares. This buyback authorization permits the company to buy up to 6.3% of its shares through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction on 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 in the company, valued at $51,766,239.66. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp raised its stake in Dynatrace by 25.2% in the third quarter. Fifth Third Bancorp now owns 224,816 shares of the company’s stock valued at $12,981,000 after purchasing an additional 45,306 shares in the last quarter. Jacobi Capital Management LLC acquired a new stake in Dynatrace during the third quarter worth about $62,000. Walter Public Investments Inc. grew its stake in Dynatrace by 39.3% during the third quarter. Walter Public Investments Inc. now owns 163,058 shares of the company’s stock worth $9,415,000 after buying an additional 45,962 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Dynatrace during the third quarter worth about $317,000. Finally, Illinois Municipal Retirement Fund bought a new position in Dynatrace in the 3rd quarter valued at about $1,312,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace News Roundup

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: The board authorized a $1 billion share repurchase program, allowing buybacks of up to 6.3% of outstanding shares. Repurchases can signal management sees value in the stock and may support per-share results. Dynatrace buyback announcement
• Positive Sentiment: Dynatrace beat quarterly estimates, reporting EPS of $0.54 versus $0.49 expected and revenue of about $580 million versus roughly $568 million expected. Dynatrace earnings beat and outlook
• Neutral Sentiment: Analysts lowered price targets, but several maintained positive ratings: RBC cut its target to $68 and Citi to $70, while retaining “outperform” and “buy” ratings, respectively. RBC price target change Citi price target change
• Negative Sentiment: The earnings beat was overshadowed by a reduced profit outlook, with acquisition-related impacts weighing on expected profitability and cash flow. Commentary also cited delayed enterprise deals and slower momentum, raising concern about near-term growth; one analyst described the next quarter as a key test. Delayed enterprise deals weigh on outlook Dynatrace Q2 review
• Negative Sentiment: Multiple firms cut their price targets, including Wedbush to $50 and BMO to $60. While many retained favorable ratings, the breadth of revisions reflects lower near-term expectations and adds pressure to sentiment. Wedbush target cut BMO target cut

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.