KeyCorp Boosts Dynatrace (NYSE:DT) Price Target to $53.00

Dynatrace (NYSE:DT) had its price objective upped by investment analysts at KeyCorp from $47.00 to $53.00 in a report issued on Thursday, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 19.19% from the company’s previous close.

DT has been the topic of several other reports. The Goldman Sachs Group upped their target price on Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Weiss Ratings raised shares of Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. BMO Capital Markets increased their price objective on shares of Dynatrace from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Jefferies Financial Group lowered their target price on shares of Dynatrace from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Finally, UBS Group upgraded shares of Dynatrace from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $60.00 in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.27.

Dynatrace Price Performance

NYSE:DT opened at $44.47 on Thursday. Dynatrace has a one year low of $31.64 and a one year high of $55.49. The company has a market cap of $12.91 billion, a PE ratio of 82.34, a P/E/G ratio of 2.88 and a beta of 0.73. The firm’s 50 day simple moving average is $41.98 and its 200 day simple moving average is $39.33.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $531.72 million for the quarter, compared to analyst estimates of $521.01 million. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. Dynatrace’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. Equities research analysts expect that Dynatrace will post 1.12 EPS for the current year.

Institutional Investors Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently bought and sold shares of DT. Bank of America Corp DE grew its stake in Dynatrace by 304.7% in the first quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock valued at $346,044,000 after acquiring an additional 7,045,591 shares during the period. Wellington Management Group LLP raised its position in shares of Dynatrace by 719.3% during the third quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock worth $355,629,000 after purchasing an additional 6,444,262 shares during the period. First Trust Advisors LP raised its position in shares of Dynatrace by 706.8% during 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 period. Arrowstreet Capital Limited Partnership bought a new position in shares of Dynatrace in the 1st quarter worth $190,890,000. Finally, Amundi lifted its holdings in shares of Dynatrace by 461.5% in the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after purchasing an additional 5,127,910 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

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.