Dynatrace (NYSE:DT) Given New $55.00 Price Target at Jefferies Financial Group

Dynatrace (NYSE:DT) had its price target upped by Jefferies Financial Group from $45.00 to $55.00 in a report issued on Tuesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other brokerages also recently weighed in on DT. DA Davidson boosted their price objective on shares of Dynatrace from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Morgan Stanley reduced their price target on shares of Dynatrace from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Wolfe Research restated an “outperform” rating and issued a $42.00 price objective on shares of Dynatrace in a research note on Thursday, May 14th. William Blair assumed coverage on Dynatrace in a report on Thursday, May 21st. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. cut their target price on Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.42.

Dynatrace Stock Performance

NYSE:DT opened at $42.80 on Tuesday. Dynatrace has a 1 year low of $31.64 and a 1 year high of $55.49. The stock has a market cap of $12.42 billion, a P/E ratio of 79.26, a P/E/G ratio of 2.88 and a beta of 0.73. The stock has a 50-day simple moving average of $42.14 and a 200-day simple moving average of $39.30.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business 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 business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last 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. On average, equities research analysts predict that Dynatrace will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA increased its stake in Dynatrace by 7.9% in the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after purchasing an additional 1,160,690 shares during the period. State Street Corp boosted 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 worth $462,193,000 after buying an additional 101,994 shares during the period. Bank of America Corp DE boosted its stake 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 buying an additional 7,045,591 shares during the period. Wellington Management Group LLP grew its holdings in shares of Dynatrace by 9.0% during the fourth quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock worth $346,716,000 after buying an additional 659,792 shares during the last quarter. Finally, First Trust Advisors LP increased its position in 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 acquiring an additional 5,958,505 shares during the period. 94.28% of the stock is owned by hedge funds and other 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.