Dynatrace (NYSE:DT) Sets New 12-Month High on Analyst Upgrade

Dynatrace, Inc. (NYSE:DT) shares hit a new 52-week high on Tuesday after Barclays raised their price target on the stock from $60.00 to $71.00. Barclays currently has an overweight rating on the stock. Dynatrace traded as high as $65.29 and last traded at $65.26, with a volume of 8,287,485 shares trading hands. The stock had previously closed at $63.50.

A number of other research firms have also recently commented on DT. BTIG Research reissued a “buy” rating and issued a $62.00 price target on shares of Dynatrace in a research note on Tuesday, September 15th. Zacks Research lowered shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Canaccord Genuity Group raised their price objective on shares of Dynatrace from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $58.00 to $65.00 in a research report on Tuesday, August 25th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $52.00 price objective on shares of Dynatrace in a report on Tuesday, August 4th. Twenty-four 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.14.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 904,846 shares of the company’s stock, valued at approximately $51,766,239.66. This trade represents a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently bought and sold shares of DT. Krilogy Financial LLC grew its position in Dynatrace by 38.1% during the third quarter. Krilogy Financial LLC now owns 12,196 shares of the company’s stock valued at $704,000 after acquiring an additional 3,367 shares during the last quarter. Steel Grove Capital Advisors LLC purchased a new position in shares of Dynatrace during the third quarter worth approximately $247,000. NorthCrest Asset Manangement LLC lifted its holdings in shares of Dynatrace by 52.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,739 shares of the company’s stock worth $534,000 after acquiring an additional 3,004 shares during the last quarter. Riversedge Advisors LLC bought a new stake in shares of Dynatrace in the 3rd quarter worth approximately $300,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Dynatrace by 16.1% in the 3rd quarter. GAMMA Investing LLC now owns 12,745 shares of the company’s stock worth $736,000 after acquiring an additional 1,770 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

The company has a market cap of $18.61 billion, a PE ratio of 66.58, a PEG ratio of 4.01 and a beta of 0.77. The stock’s 50 day moving average price is $54.21 and its 200-day moving average price is $45.21.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. On average, analysts anticipate that Dynatrace, Inc. will post 1.11 EPS for the current year.

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.