Dynatrace (NYSE:DT) Price Target Raised to $73.00

Dynatrace (NYSE:DT) had its target price raised by Royal Bank Of Canada from $59.00 to $73.00 in a research note released on Monday, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the stock.

DT has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Dynatrace in a report on Sunday. BTIG Research reiterated a “buy” rating and issued a $62.00 price objective on shares of Dynatrace in a research report on Tuesday, September 15th. Canaccord Genuity Group boosted their price objective on Dynatrace from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, KeyCorp increased their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Twenty-four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $59.14.

Dynatrace Stock Down 1.3%

NYSE:DT opened at $63.61 on Monday. The firm has a market cap of $18.38 billion, a PE ratio of 65.79, a price-to-earnings-growth ratio of 3.96 and a beta of 0.77. Dynatrace has a 12 month low of $31.64 and a 12 month high of $66.30. The company’s 50-day moving average price is $54.46 and its two-hundred day moving average price is $45.40.

Dynatrace (NYSE:DT) last issued 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. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. During the same period in the prior year, the firm earned $0.42 earnings per share. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. 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, research analysts expect that Dynatrace will post 1.11 EPS for the current fiscal year.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 904,846 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible 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 Trading of Dynatrace

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA boosted its holdings in Dynatrace by 7.9% during the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock worth $584,649,000 after buying an additional 1,160,690 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Dynatrace by 23.5% during the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock worth $506,229,000 after buying an additional 2,191,497 shares during the period. Bank of America Corp DE grew its position in shares of Dynatrace by 304.7% during the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock worth $346,044,000 after buying an additional 7,045,591 shares during the period. First Trust Advisors LP increased 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 last quarter. Finally, Amundi increased its stake in shares of Dynatrace by 461.5% in the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock valued at $230,716,000 after acquiring an additional 5,127,910 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

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.