Dynatrace (NYSE:DT) Price Target Raised to $60.00

Dynatrace (NYSE:DT) had its price objective boosted by DA Davidson from $45.00 to $60.00 in a report issued on Wednesday morning, MarketBeat.com reports. DA Davidson currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. TD Cowen reduced their price target on shares of Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Rosenblatt Securities cut their price objective on shares of Dynatrace from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Weiss Ratings raised shares of Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. UBS Group upgraded shares of Dynatrace from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $60.00 in a research report on Monday, June 15th. Finally, Rothschild & Co Redburn began coverage on shares of Dynatrace in a research note on Thursday, April 23rd. They issued a “neutral” rating and a $40.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.27.

Dynatrace Stock Down 0.8%

Shares of DT stock opened at $44.47 on Wednesday. The business has a 50-day moving average price of $41.98 and a two-hundred day moving average price of $39.33. Dynatrace has a 12-month low of $31.64 and a 12-month high of $55.49. The firm has a market cap of $12.91 billion, a P/E ratio of 82.34, a price-to-earnings-growth ratio of 2.88 and a beta of 0.73.

Dynatrace (NYSE:DT) last announced 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 for the quarter, compared to analyst estimates of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The company’s revenue was up 19.4% on a year-over-year basis. 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. As a group, research analysts expect that Dynatrace will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Dynatrace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA grew its holdings in Dynatrace by 7.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock worth $584,649,000 after acquiring an additional 1,160,690 shares during the last quarter. State Street Corp raised its stake in shares of Dynatrace by 1.0% during the fourth quarter. State Street Corp now owns 10,664,357 shares of the company’s stock valued at $462,193,000 after acquiring an additional 101,994 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Dynatrace by 304.7% during the first quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock worth $346,044,000 after purchasing an additional 7,045,591 shares during the period. Wellington Management Group LLP grew its stake in shares of Dynatrace by 9.0% in the fourth quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock worth $346,716,000 after purchasing an additional 659,792 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Dynatrace by 706.8% in the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after purchasing an additional 5,958,505 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Company Profile

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.