Dynatrace (NYSE:DT) Price Target Raised to $74.00

Dynatrace (NYSE:DT) had its target price hoisted by equities researchers at UBS Group from $65.00 to $74.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 26.56% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Oppenheimer lifted their price target on Dynatrace from $60.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, September 24th. Wedbush cut shares of Dynatrace from an “outperform” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a research note on Thursday, September 10th. DA Davidson boosted their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Needham & Company LLC raised shares of Dynatrace from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Friday, September 18th. Finally, Barclays raised their price target on shares of Dynatrace from $48.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Twenty-three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.89.

Dynatrace Stock Performance

NYSE DT traded up $0.73 during trading hours on Thursday, reaching $58.47. The stock had a trading volume of 919,516 shares, compared to its average volume of 6,456,001. The stock has a fifty day moving average of $50.97 and a 200 day moving average of $43.75. The stock has a market cap of $16.90 billion, a P/E ratio of 117.43, a price-to-earnings-growth ratio of 3.56 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 issued its quarterly earnings results 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. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. During the same quarter in the prior year, the company earned $0.42 EPS. Dynatrace’s quarterly 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 research analysts forecast that Dynatrace will post 1.1 EPS for the current year.

Insider Buying and Selling

In related news, EVP Bernd Greifeneder sold 50,000 shares of the 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 completion of the sale, the executive vice president owned 904,846 shares of the company’s stock, 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 document filed 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. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DT. Pictet Asset Management Holding SA grew its holdings in shares of Dynatrace by 7.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock worth $584,649,000 after purchasing an additional 1,160,690 shares during the period. Wellington Management Group LLP lifted its position in Dynatrace by 23.5% in the second quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after buying an additional 2,191,497 shares during the last quarter. Bank of America Corp DE increased its position in shares of Dynatrace by 304.7% during the first 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 raised 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 acquiring an additional 5,958,505 shares during the period. Finally, Amundi lifted its holdings in shares of Dynatrace by 461.5% in the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after acquiring an additional 5,127,910 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

About Dynatrace

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company’s products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.