Dynatrace (NYSE:DT) Given New $60.00 Price Target at Truist Financial

Dynatrace (NYSE:DT) had its price objective increased by investment analysts at Truist Financial from $55.00 to $60.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 20.65% from the stock’s previous close.

A number of other research analysts have also weighed in on DT. Rothschild & Co Redburn started coverage on shares of Dynatrace in a research report on Thursday, April 23rd. They set a “neutral” rating and a $40.00 price target on the stock. Morgan Stanley increased their price objective on shares of Dynatrace from $40.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Dynatrace in a research report on Thursday, August 6th. DA Davidson upped their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Oppenheimer lifted their price target on Dynatrace from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average price target of $53.96.

Dynatrace Stock Performance

DT traded down $1.02 during midday trading on Friday, reaching $49.73. 3,248,163 shares of the company were exchanged, compared to its average volume of 6,338,962. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 99.49, a price-to-earnings-growth ratio of 2.95 and a beta of 0.72. Dynatrace has a one year low of $31.64 and a one year high of $53.28. The company’s fifty day moving average price is $43.99 and its 200 day moving average price is $39.87.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $554.55 million for 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%.Dynatrace’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. As a group, sell-side analysts anticipate that Dynatrace will post 1.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently added to or reduced their stakes in the company. Forsta AP Fonden raised its holdings in shares of Dynatrace by 60.4% in the 4th quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock valued at $8,685,000 after acquiring an additional 75,500 shares in the last quarter. UNIVEST FINANCIAL Corp purchased a new position in shares of Dynatrace during the fourth quarter worth about $1,212,000. AXQ Capital LP increased its position in shares of Dynatrace by 651.7% in the fourth quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock worth $1,497,000 after purchasing an additional 29,952 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Dynatrace by 12.0% in the fourth quarter. Hsbc Holdings PLC now owns 243,259 shares of the company’s stock worth $10,568,000 after purchasing an additional 26,129 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Dynatrace by 123,910.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,881,245 shares of the company’s stock valued at $81,533,000 after purchasing an additional 1,879,728 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Company Profile

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.