Dynatrace (NYSE:DT) Stock Price Target Lowered at Needham & Company LLC

Dynatrace (NYSE:DT) had its target price reduced by equities researchers at Needham & Company LLC from $68.00 to $65.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price target would suggest a potential upside of 32.34% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Citigroup boosted their price target on shares of Dynatrace from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, October 27th. UBS Group boosted their price target on Dynatrace from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Scotiabank restated an “outperform” rating and issued a $61.00 price target on shares of Dynatrace in a research note on Thursday, August 6th. Weiss Ratings upgraded Dynatrace from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Finally, Rosenblatt Securities boosted their target price on Dynatrace from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Twenty-four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus target price of $63.52.

Dynatrace Price Performance

Dynatrace stock traded down $6.01 during trading hours on Tuesday, reaching $49.12. The stock had a trading volume of 11,352,307 shares, compared to its average volume of 6,615,201. The company has a fifty day simple moving average of $57.71 and a 200-day simple moving average of $44.59. Dynatrace has a 52 week low of $31.64 and a 52 week high of $66.30. The stock has a market cap of $14.19 billion, a PE ratio of 98.06, a PEG ratio of 3.85 and a beta of 0.77.

Dynatrace (NYSE:DT) last posted its earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $579.92 million during the quarter, compared to analyst estimates of $568.03 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. Dynatrace’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. Research analysts predict that Dynatrace will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were 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 in the company, valued at approximately $51,766,239.66. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DT. Wellington Management Group LLP boosted its stake in Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock worth $506,229,000 after purchasing an additional 2,191,497 shares during the period. Bank of America Corp DE lifted its holdings in shares of 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 during the last quarter. First Trust Advisors LP lifted its stake in shares of 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 purchasing an additional 5,958,505 shares during the last quarter. Amundi boosted its stake in Dynatrace by 461.5% during the first quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after buying an additional 5,127,910 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Dynatrace during the 1st quarter valued at about $190,890,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace News Summary

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: Dynatrace reported fiscal second-quarter earnings of $0.54 per share, above the $0.49 analyst consensus, while revenue reached approximately $579.9 million, exceeding estimates of $568.0 million and rising 17.4% year over year. Dynatrace Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company announced a strategic partnership with CrowdStrike to combine security and observability capabilities, potentially strengthening Dynatrace’s enterprise offering and expanding cross-selling opportunities. CrowdStrike and Dynatrace announce security and observability partnership
• Positive Sentiment: A brokerage raised its price target for DT to $65, indicating continued confidence in the company’s longer-term prospects. Dynatrace Price Target Raised to $65.00
• Neutral Sentiment: Unusually high call-option activity before earnings showed bullish positioning among some traders, but options activity does not necessarily reflect fundamental changes. Traders purchased 4,386 call options, about 28% above typical daily volume.
• Negative Sentiment: Despite the earnings and revenue beats, management’s forward guidance was viewed as mixed. Investors appear concerned that the outlook may imply slower growth or less upside than expected, prompting a sharp selloff after the results. Dynatrace crashes as it offers mixed guidance after Q2 results

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.