Dynatrace (NYSE:DT) Given New $61.00 Price Target at Barclays

Dynatrace (NYSE:DT) had its target price reduced by Barclays from $71.00 to $61.00 in a research report report published on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on DT. Yorkville Ives initiated coverage on Dynatrace in a report on Tuesday, October 6th. They set an “in-line” rating and a $62.00 target price for the company. Cantor Fitzgerald boosted their price target on shares of Dynatrace from $47.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. UBS Group increased their price target on shares of Dynatrace from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Scotiabank reissued an “outperform” rating and set a $61.00 price target on shares of Dynatrace in a research report on Thursday, August 6th. Finally, Zacks Research lowered shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average price target of $62.00.

Dynatrace Stock Down 0.7%

Shares of NYSE DT opened at $46.69 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 2.09 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $57.60 and its two-hundred day moving average is $44.66. Dynatrace has a 52-week low of $31.64 and a 52-week high of $66.30. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 86.47, a PEG ratio of 2.88 and a beta of 0.76.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The business had revenue of $579.92 million during the quarter, compared to analyst estimates of $568.03 million. Dynatrace had a return on equity of 12.73% and a net margin of 7.42%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share. Research analysts predict that Dynatrace will post 1.11 EPS for the current year.

Dynatrace declared that its board has approved a stock buyback program on Tuesday, November 3rd that authorizes the company to repurchase $1 billion in shares. This buyback authorization authorizes the company to repurchase up to 6.3% of its stock through open market purchases. Share buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the sale, the executive vice president owned 904,846 shares in the company, valued at $51,766,239.66. This represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Dynatrace

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of Dynatrace by 304.7% in the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock valued at $346,044,000 after purchasing an additional 7,045,591 shares during the last quarter. First Trust Advisors LP raised its holdings 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 purchasing an additional 5,958,505 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dynatrace during the 1st quarter worth $190,890,000. Amundi lifted its position in shares of Dynatrace by 461.5% during the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after purchasing an additional 5,127,910 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Dynatrace during the 2nd quarter worth $114,885,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace News Summary

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: Dynatrace authorized a $1 billion share repurchase, covering up to 6.3% of its shares. Buybacks can signal management confidence and support per-share results. Share buyback report
• Positive Sentiment: Fiscal Q2 revenue of $579.9 million and adjusted EPS of $0.54 exceeded consensus estimates; revenue grew 17.4% year over year. Dynatrace Q2 results
• Neutral Sentiment: Several firms lowered their price targets but kept positive ratings: UBS to $75 and Citi to $70, both Buy; Barclays to $61, Overweight; and RBC to $68, Outperform. The retained ratings suggest analysts still see upside, though their reduced targets reflect more cautious expectations. UBS rating information
• Negative Sentiment: The main concern is the company’s reduced profit outlook, with reports also pointing to a weaker cash-flow forecast and acquisition-related effects. That outlook appears to have outweighed the quarterly beat and buyback. Earnings and outlook report
• Negative Sentiment: More target reductions—including Wells Fargo to $65, BMO to $60, and Wedbush to $50, which has a Neutral rating—reinforce concerns that near-term expectations have come down. BMO price-target update

About Dynatrace

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.