Dynatrace (NYSE:DT) Price Target Raised to $71.00

Dynatrace (NYSE:DT) had its target price boosted by Oppenheimer from $60.00 to $71.00 in a research report report published on Thursday morning, MarketBeat.com reports. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on DT. Truist Financial upped their price target on Dynatrace from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Barclays upped their target price on shares of Dynatrace from $48.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Cantor Fitzgerald raised their price target on shares of Dynatrace from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Rosenblatt Securities restated a “buy” rating and set a $52.00 price objective on shares of Dynatrace in a report on Tuesday, August 4th. Finally, KeyCorp upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.67.

Dynatrace Stock Performance

Dynatrace stock opened at $58.08 on Thursday. The business’s 50-day simple moving average is $50.08 and its 200-day simple moving average is $43.29. The firm has a market capitalization of $16.79 billion, a PE ratio of 116.16, a PEG ratio of 3.57 and a beta of 0.74. Dynatrace has a 52 week low of $31.64 and a 52 week high of $59.41.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $554.55 million during the quarter, compared to analysts’ expectations of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous 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. Research analysts forecast that Dynatrace will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 904,846 shares of the company’s stock, valued at $51,766,239.66. The trade was a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Several institutional investors have recently made changes to their positions in DT. QRG Capital Management Inc. increased its stake in Dynatrace by 13.8% in the second quarter. QRG Capital Management Inc. now owns 23,178 shares of the company’s stock valued at $1,018,000 after acquiring an additional 2,803 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Dynatrace by 25.2% during the second quarter. Sequoia Financial Advisors LLC now owns 100,563 shares of the company’s stock valued at $4,416,000 after purchasing an additional 20,222 shares in the last quarter. Tidal Investments LLC boosted its holdings in Dynatrace by 8.6% during the second quarter. Tidal Investments LLC now owns 65,002 shares of the company’s stock valued at $2,854,000 after purchasing an additional 5,136 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in Dynatrace by 709.8% during the second quarter. Engineers Gate Manager LP now owns 365,333 shares of the company’s stock valued at $16,042,000 after purchasing an additional 320,219 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Dynatrace in the 2nd quarter valued at approximately $292,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Dynatrace

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating cloud, hybrid, and multicloud environments. Its platform is designed to help businesses monitor the performance, availability, and security of applications, infrastructure, networks, and user experiences from a unified environment.

The company’s offerings include application performance monitoring, infrastructure and cloud monitoring, log and analytics capabilities, digital experience monitoring, application security, and software delivery insights.