DA Davidson Issues Positive Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its price objective increased by equities research analysts at DA Davidson from $45.00 to $60.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 32.09% from the company’s previous close.

DT has been the topic of several other research reports. Zacks Research upgraded shares of Dynatrace from a “hold” rating to a “strong-buy” rating in a report on Monday. Wedbush set a $48.00 price objective on Dynatrace in a research report on Friday, May 15th. BTIG Research dropped their target price on Dynatrace from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Royal Bank Of Canada dropped their target price on shares of Dynatrace from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Finally, Rosenblatt Securities decreased their price target on shares of Dynatrace from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.85.

Dynatrace Trading Up 0.9%

NYSE DT opened at $45.42 on Wednesday. The firm’s fifty day simple moving average is $41.67 and its two-hundred day simple moving average is $39.28. Dynatrace has a 12-month low of $31.64 and a 12-month high of $55.49. The firm has a market capitalization of $13.18 billion, a P/E ratio of 84.97, a P/E/G ratio of 2.86 and a beta of 0.73.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $531.72 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $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. As a group, sell-side analysts predict that Dynatrace will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dynatrace

Institutional investors have recently bought and sold shares of the company. Forsta AP Fonden grew its position in Dynatrace by 60.4% in the 4th quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock valued at $8,685,000 after buying an additional 75,500 shares during the last quarter. UNIVEST FINANCIAL Corp acquired a new stake in shares of Dynatrace in the 4th quarter worth $1,212,000. LBP AM SA lifted its stake in shares of Dynatrace by 9.8% in the 4th quarter. LBP AM SA now owns 776,955 shares of the company’s stock worth $33,673,000 after acquiring an additional 69,318 shares during the period. AXQ Capital LP boosted its holdings in shares of Dynatrace by 651.7% in the fourth quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock valued at $1,497,000 after acquiring an additional 29,952 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at about $1,938,000. 94.28% of the stock is 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.