Dynatrace (NYSE:DT) Price Target Raised to $55.00

Dynatrace (NYSE:DT) had its price target lifted by Jefferies Financial Group from $45.00 to $55.00 in a report published on Tuesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other brokerages have also recently commented on DT. DA Davidson boosted their price target on Dynatrace from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Barclays raised their price objective on Dynatrace from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday. Wedbush set a $48.00 target price on shares of Dynatrace in a report on Friday, May 15th. Canaccord Genuity Group dropped their target price on shares of Dynatrace from $50.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, Guggenheim cut shares of Dynatrace from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.42.

Dynatrace Stock Performance

Shares of NYSE DT opened at $40.62 on Tuesday. The company has a market capitalization of $11.79 billion, a PE ratio of 75.22, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. The company’s fifty day moving average price is $42.34 and its 200 day moving average price is $39.27. Dynatrace has a 1 year low of $31.64 and a 1 year high of $55.49.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The company had revenue of $531.72 million during the quarter, compared to analysts’ expectations of $521.01 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. 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, equities analysts expect that Dynatrace will post 1.11 EPS for the current year.

Institutional Trading of Dynatrace

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in Dynatrace by 25.3% during the first quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock worth $431,000 after purchasing an additional 1,846 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Dynatrace by 19.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock valued at $102,000 after buying an additional 348 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dynatrace by 21.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after buying an additional 272 shares during the period. Invesco Ltd. increased its holdings in shares of Dynatrace by 38.9% during the 2nd quarter. Invesco Ltd. now owns 793,630 shares of the company’s stock worth $43,816,000 after buying an additional 222,395 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Dynatrace during the 2nd quarter worth approximately $410,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.