Dynatrace’s (DT) Buy Rating Reiterated at BTIG Research

Dynatrace (NYSE:DT)‘s stock had its “buy” rating restated by BTIG Research in a report issued on Tuesday, Benzinga reports. They presently have a $62.00 target price on the stock. BTIG Research’s price objective indicates a potential upside of 16.40% from the company’s current price.

Other analysts also recently issued research reports about the company. UBS Group reaffirmed a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research note on Monday, August 24th. The Goldman Sachs Group increased their price target on Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. KeyCorp raised their price target on Dynatrace from $53.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Morgan Stanley upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $58.00 to $65.00 in a research note on Tuesday, August 25th. Finally, Zacks Research downgraded shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Twenty-two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.04.

Dynatrace Trading Up 4.3%

Shares of NYSE:DT opened at $53.26 on Tuesday. The firm’s 50 day moving average is $47.92 and its two-hundred day moving average is $42.10. The firm has a market capitalization of $15.39 billion, a P/E ratio of 106.53, a PEG ratio of 3.21 and a beta of 0.74. Dynatrace has a 52 week low of $31.64 and a 52 week high of $54.83.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share (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 business had revenue of $554.55 million during the quarter, compared to the consensus estimate of $550.01 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue 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. Analysts predict that Dynatrace will post 1.08 EPS for the current year.

Hedge Funds Weigh In On Dynatrace

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of Dynatrace by 3,827.2% in the second quarter. California State Teachers Retirement System now owns 13,951,788 shares of the company’s stock worth $612,623,000 after purchasing an additional 13,596,525 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 purchasing an additional 7,045,591 shares during the period. First Trust Advisors LP grew its position in Dynatrace by 706.8% during the first 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 in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Dynatrace in the 1st quarter valued at approximately $190,890,000. Finally, Amundi increased its stake in Dynatrace by 461.5% in the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock valued at $230,716,000 after buying an additional 5,127,910 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating cloud, hybrid, and multicloud environments. Its platform is designed to help businesses monitor the performance, availability, and security of applications, infrastructure, networks, and user experiences from a unified environment.

The company’s offerings include application performance monitoring, infrastructure and cloud monitoring, log and analytics capabilities, digital experience monitoring, application security, and software delivery insights.