Scotiabank Cuts Dynatrace (NYSE:DT) Price Target to $44.00

Dynatrace (NYSE:DTFree Report) had its target price trimmed by Scotiabank from $47.00 to $44.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a sector outperform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. KeyCorp cut their price target on shares of Dynatrace from $52.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday. Wolfe Research reissued an “outperform” rating and issued a $42.00 price target on shares of Dynatrace in a report on Thursday. Raymond James Financial reissued a “market perform” rating on shares of Dynatrace in a report on Monday, February 9th. Guggenheim downgraded shares of Dynatrace from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods raised shares of Dynatrace to a “buy” rating in a report on Monday, February 9th. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and an average price target of $46.50.

View Our Latest Stock Report on Dynatrace

Dynatrace Price Performance

NYSE DT opened at $38.36 on Thursday. Dynatrace has a 1 year low of $31.64 and a 1 year high of $57.55. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of 71.04, a PEG ratio of 2.34 and a beta of 0.70. The company has a fifty day moving average price of $37.12 and a 200-day moving average price of $40.38.

Dynatrace (NYSE:DTGet Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The firm had revenue of $531.72 million during the quarter, compared to analyst estimates of $521.01 million. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. 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 will post 1.08 EPS for the current fiscal year.

Dynatrace announced that its board has approved a stock buyback plan on Monday, February 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 9.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Dynatrace news, EVP Stephen A. Mcmahon acquired 3,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average cost of $35.75 per share, with a total value of $107,250.00. Following the completion of the acquisition, the executive vice president directly owned 3,454 shares in the company, valued at $123,480.50. This trade represents a 660.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in Dynatrace in the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC boosted its holdings in Dynatrace by 561.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock worth $28,000 after buying an additional 494 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in Dynatrace by 218.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock worth $29,000 after buying an additional 547 shares during the period. RHL Group LLC bought a new position in Dynatrace in the 4th quarter worth approximately $30,000. Finally, Larson Financial Group LLC boosted its holdings in Dynatrace by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock worth $35,000 after buying an additional 508 shares during the period. 94.28% of the stock is owned by institutional investors.

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About Dynatrace

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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.

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