Dynatrace (NYSE:DT) Reaches New 12-Month High – Time to Buy?

Dynatrace, Inc. (NYSE:DT)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $53.96 and last traded at $54.0470, with a volume of 1126865 shares traded. The stock had previously closed at $51.60.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DT shares. Truist Financial lifted their price objective on Dynatrace from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Scotiabank reiterated an “outperform” rating and set a $61.00 target price on shares of Dynatrace in a report on Thursday, August 6th. DA Davidson increased their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. cut their price target on shares of Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, The Goldman Sachs Group lifted their price target on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Twenty-three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $54.81.

Dynatrace Stock Up 3.3%

The stock has a 50 day simple moving average of $45.47 and a 200 day simple moving average of $40.61. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 106.52, a PEG ratio of 3.03 and a beta of 0.72.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The firm had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. During the same period in the previous year, the company posted $0.42 EPS. Dynatrace’s revenue for the quarter was up 16.3% on a year-over-year basis. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. As a group, equities research analysts expect that Dynatrace, Inc. will post 1.12 EPS for the current fiscal year.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brown Lisle Cummings Inc. boosted its holdings in Dynatrace by 218.8% in the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after purchasing an additional 547 shares during the last quarter. RHL Group LLC purchased a new stake in Dynatrace during the 4th quarter worth approximately $30,000. CX Institutional increased its holdings in Dynatrace by 1,119.0% during the 2nd quarter. CX Institutional now owns 707 shares of the company’s stock worth $31,000 after purchasing an additional 649 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Dynatrace by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after purchasing an additional 508 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Dynatrace by 577.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company’s stock valued at $55,000 after buying an additional 1,264 shares during the last quarter. 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.