Dynatrace (NYSE:DT) Price Target Raised to $73.00

Dynatrace (NYSE:DT) had its target price boosted by BTIG Research from $62.00 to $73.00 in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

DT has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 target price on shares of Dynatrace in a research note on Sunday, October 11th. Yorkville Ives initiated coverage on Dynatrace in a research report on Tuesday, October 6th. They issued an “in-line” rating and a $62.00 price target on the stock. Zacks Research downgraded Dynatrace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Morgan Stanley upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $58.00 to $65.00 in a research note on Tuesday, August 25th. Finally, UBS Group raised their price objective on Dynatrace from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.90.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $64.14 on Wednesday. The company has a 50-day moving average of $56.36 and a 200 day moving average of $46.62. The firm has a market cap of $18.54 billion, a price-to-earnings ratio of 64.66, a PEG ratio of 3.90 and a beta of 0.77. Dynatrace has a 1 year low of $31.64 and a 1 year high of $66.30.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $550.01 million. During the same period last year, the company posted $0.42 EPS. Dynatrace’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. On average, equities analysts anticipate that Dynatrace will post 1.11 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $57.21, for a total value 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 represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Dynatrace

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citizens Financial Group Inc. RI raised its stake in shares of Dynatrace by 106.5% in the third quarter. Citizens Financial Group Inc. RI now owns 19,747 shares of the company’s stock worth $1,140,000 after purchasing an additional 10,185 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Dynatrace by 9.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 9,525 shares of the company’s stock valued at $550,000 after purchasing an additional 840 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Dynatrace by 20.0% during the third quarter. Inspire Investing LLC now owns 19,514 shares of the company’s stock valued at $1,127,000 after buying an additional 3,253 shares during the last quarter. MBL Wealth LLC purchased a new stake in shares of Dynatrace during the third quarter valued at $799,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Dynatrace during the third quarter valued at $86,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.