Dynatrace (NYSE:DT) Price Target Cut to $68.00 by Analysts at Royal Bank Of Canada

Dynatrace (NYSE:DT) had its price objective reduced by research analysts at Royal Bank Of Canada from $73.00 to $68.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target suggests a potential upside of 48.34% from the stock’s current price.

A number of other research firms also recently weighed in on DT. BTIG Research decreased their price objective on Dynatrace from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company lowered their price objective on Dynatrace from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Dynatrace in a report on Sunday, October 11th. Wedbush cut their target price on Dynatrace from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Morgan Stanley raised Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $58.00 to $65.00 in a research note on Tuesday, August 25th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.69.

Dynatrace Stock Performance

Shares of DT stock traded down $1.19 during mid-day trading on Wednesday, reaching $45.84. The company’s stock had a trading volume of 4,483,819 shares, compared to its average volume of 6,657,875. The firm’s 50-day moving average is $57.67 and its two-hundred day moving average is $44.62. The company has a market cap of $13.25 billion, a P/E ratio of 91.30, a PEG ratio of 3.38 and a beta of 0.76. Dynatrace has a 1-year low of $31.64 and a 1-year high of $66.30.

Dynatrace (NYSE:DT) last issued its earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The business had revenue of $579.92 million for 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%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Sell-side analysts anticipate that Dynatrace will post 1.11 EPS for the current year.

Dynatrace declared that its board has approved a share buyback plan on Tuesday, November 3rd that permits the company to buy back $1 billion in shares. This repurchase authorization permits the company to reacquire up to 6.3% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DT. Apollon Wealth Management LLC increased its holdings in Dynatrace by 2.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,277 shares of the company’s stock valued at $362,000 after purchasing an additional 174 shares in the last quarter. Cooper Financial Group raised its position in Dynatrace by 1.4% in the 3rd quarter. Cooper Financial Group now owns 13,354 shares of the company’s stock valued at $771,000 after purchasing an additional 179 shares during the last quarter. North Dakota State Investment Board boosted its stake in Dynatrace by 2.9% in the third quarter. North Dakota State Investment Board now owns 8,985 shares of the company’s stock worth $519,000 after purchasing an additional 252 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in Dynatrace by 37.8% in the third quarter. Elevation Wealth Partners LLC now owns 929 shares of the company’s stock worth $54,000 after purchasing an additional 255 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Dynatrace by 2.8% in the third quarter. Versant Capital Management Inc now owns 11,694 shares of the company’s stock worth $675,000 after purchasing an additional 315 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

More Dynatrace News

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: Dynatrace reported fiscal Q2 adjusted earnings of $0.54 per share, above the $0.49 consensus, and revenue of $579.92 million, exceeding estimates and growing 17.4% year over year. Dynatrace Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The board authorized up to $1 billion in share repurchases, a potential source of shareholder returns and a signal management sees value in the shares.
• Positive Sentiment: Dynatrace and CrowdStrike announced a strategic partnership combining security and observability capabilities. CrowdStrike and Dynatrace announce security and observability partnership
• Neutral Sentiment: Analysts lowered price targets after the results, but Rosenblatt and Needham maintained Buy ratings; Wedbush cut its target to $50 and kept a Neutral rating.
• Negative Sentiment: The company’s reduced profit and cash-flow outlook—reported as affected by its acquisition—overshadowed the quarterly beat and prompted a sharp selloff. This weaker forward outlook appears to be the main near-term pressure on DT. Dynatrace falls on trimmed earnings guidance

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.