Dynatrace (NYSE:DT) Shares Gap Up After Analyst Upgrade

Dynatrace, Inc. (NYSE:DT) gapped up prior to trading on Tuesday after BMO Capital Markets raised their price target on the stock from $43.00 to $50.00. The stock had previously closed at $41.19, but opened at $42.67. BMO Capital Markets currently has an outperform rating on the stock. Dynatrace shares last traded at $41.5440, with a volume of 951,696 shares trading hands.

Other equities analysts have also issued reports about the company. UBS Group raised Dynatrace from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $60.00 in a research note on Monday. Rosenblatt Securities reduced their price objective on Dynatrace from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. JPMorgan Chase & Co. reduced their price objective on Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Guggenheim lowered Dynatrace from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, Morgan Stanley dropped their target price on Dynatrace from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Twenty-two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.69.

Institutional Investors Weigh In On Dynatrace

Hedge funds have recently modified their holdings of the stock. Forsta AP Fonden grew its stake in Dynatrace by 60.4% during the 4th quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock worth $8,685,000 after buying an additional 75,500 shares during the last quarter. UNIVEST FINANCIAL Corp bought a new position in Dynatrace during the 4th quarter worth $1,212,000. LBP AM SA grew its stake in Dynatrace by 9.8% during the 4th quarter. LBP AM SA now owns 776,955 shares of the company’s stock worth $33,673,000 after buying an additional 69,318 shares during the last quarter. Temasek Holdings Private Ltd grew its stake in Dynatrace by 125.1% during the 3rd quarter. Temasek Holdings Private Ltd now owns 1,989,098 shares of the company’s stock worth $96,372,000 after buying an additional 1,105,508 shares during the last quarter. Finally, AXQ Capital LP grew its stake in Dynatrace by 651.7% during the 4th quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock worth $1,497,000 after buying an additional 29,952 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

The stock has a market capitalization of $12.11 billion, a P/E ratio of 76.98, a P/E/G ratio of 2.65 and a beta of 0.75. The stock has a 50 day moving average of $38.51 and a 200 day moving average of $39.49.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $531.72 million during the quarter, compared to the consensus estimate of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The firm’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. On average, research analysts anticipate that Dynatrace, Inc. will post 1.11 EPS for the current fiscal year.

About Dynatrace

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.