Dynatrace (NYSE:DT) Hits New 1-Year High – Time to Buy?

Dynatrace, Inc. (NYSE:DT)’s stock price hit a new 52-week high on Wednesday. The company traded as high as $61.58 and last traded at $61.1520, with a volume of 5258323 shares. The stock had previously closed at $60.21.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup increased their price objective on Dynatrace from $62.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Canaccord Genuity Group boosted their target price on Dynatrace from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays upped their target price on Dynatrace from $48.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. BTIG Research reiterated a “buy” rating and issued a $62.00 target price on shares of Dynatrace in a research note on Tuesday, September 15th. Finally, Truist Financial raised their target price on Dynatrace from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 14th. Twenty-four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.54.

Dynatrace Stock Up 2.5%

The firm has a market capitalization of $17.71 billion, a P/E ratio of 122.59, a PEG ratio of 3.70 and a beta of 0.77. The business has a 50-day moving average price of $53.04 and a 200-day moving average price of $44.63.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company had revenue of $554.55 million during the quarter, compared to the consensus estimate of $550.01 million. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. 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, sell-side analysts forecast that Dynatrace, Inc. will post 1.1 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the sale, the executive vice president directly owned 904,846 shares of the company’s stock, valued at $51,766,239.66. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pictet Asset Management Holding SA raised its holdings in shares of 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 buying an additional 1,160,690 shares during the last quarter. Wellington Management Group LLP grew its holdings in Dynatrace by 23.5% during the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock worth $506,229,000 after acquiring an additional 2,191,497 shares during the last quarter. Bank of America Corp DE increased its position in Dynatrace by 304.7% in the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock valued at $346,044,000 after acquiring an additional 7,045,591 shares in the last quarter. 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 in the last quarter. Finally, Amundi raised its stake in shares of Dynatrace by 461.5% in the first quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after acquiring an additional 5,127,910 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company’s products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.