Dynatrace (NYSE:DT) Price Target Raised to $55.00 at Oppenheimer

Dynatrace (NYSE:DT) had its price objective increased by Oppenheimer from $45.00 to $55.00 in a research note published on Monday, Marketbeat reports. Oppenheimer currently has an outperform rating on the stock.

DT has been the subject of several other research reports. BMO Capital Markets increased their target price on shares of Dynatrace from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Wedbush set a $48.00 price target on Dynatrace in a research note on Friday, May 15th. Truist Financial boosted their price target on Dynatrace from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Dynatrace in a report on Thursday. Finally, Jefferies Financial Group reduced their price objective on Dynatrace from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.88.

Dynatrace Price Performance

NYSE:DT opened at $44.72 on Monday. The stock has a market cap of $12.98 billion, a P/E ratio of 82.82, a PEG ratio of 2.85 and a beta of 0.73. Dynatrace has a one year low of $31.64 and a one year high of $55.49. The company has a fifty day moving average price of $42.06 and a 200 day moving average price of $39.30.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The firm had revenue of $531.72 million during the quarter, compared to the consensus estimate of $521.01 million. During the same period in the prior year, the firm earned $0.33 EPS. The business’s revenue was up 19.4% on a year-over-year basis. 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, equities research analysts anticipate that Dynatrace will post 1.12 EPS for the current year.

Institutional Trading of Dynatrace

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in Dynatrace by 304.7% during 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 purchasing an additional 7,045,591 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Dynatrace by 719.3% in the 3rd quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after purchasing an additional 6,444,262 shares during the period. First Trust Advisors LP grew its stake in shares of Dynatrace by 706.8% in the 1st quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock valued at $251,520,000 after purchasing an additional 5,958,505 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Dynatrace in the 1st quarter worth approximately $190,890,000. Finally, Amundi raised 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 buying an additional 5,127,910 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.