Dynatrace (NYSE:DT) Stock Gets Price Target Cut from Wells Fargo & Company

Dynatrace (NYSE:DT) had its price objective reduced by Wells Fargo & Company from $75.00 to $65.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also recently commented on DT. KeyCorp raised their price target on Dynatrace from $53.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Wedbush dropped their price objective on Dynatrace from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday. Yorkville Ives initiated coverage on Dynatrace in a research report on Tuesday, October 6th. They issued an “in-line” rating and a $62.00 price objective for the company. Needham & Company LLC reduced their target price on Dynatrace from $68.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Cantor Fitzgerald raised their target price on Dynatrace from $47.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, October 30th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $62.00.

Dynatrace Trading Down 0.6%

Shares of Dynatrace stock traded down $0.28 on Wednesday, reaching $43.42. 9,776,876 shares of the stock were exchanged, compared to its average volume of 7,832,414. Dynatrace has a 1-year low of $31.64 and a 1-year high of $66.30. The business has a fifty day moving average price of $57.24 and a two-hundred day moving average price of $44.70. The firm has a market capitalization of $12.55 billion, a PE ratio of 80.40, a PEG ratio of 3.38 and a beta of 0.76.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm had revenue of $579.92 million during the quarter, compared to the consensus estimate of $568.03 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year. Research analysts expect that Dynatrace will post 1.11 EPS for the current year.

Dynatrace declared that its Board of Directors has authorized a share repurchase plan on Tuesday, November 3rd that permits the company to repurchase $1 billion in outstanding shares. This repurchase authorization permits the company to buy up to 6.3% of its shares through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction on 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 completion of the transaction, the executive vice president owned 904,846 shares of the company’s stock, valued at $51,766,239.66. The trade was a 5.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynatrace

Hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in Dynatrace during the third quarter worth about $39,000. CX Institutional grew its position in shares of Dynatrace by 1,119.0% in the second quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after purchasing an additional 649 shares during the last quarter. Elevation Wealth Partners LLC grew its position in shares of Dynatrace by 37.8% in the third quarter. Elevation Wealth Partners LLC now owns 929 shares of the company’s stock valued at $54,000 after purchasing an additional 255 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new position in shares of Dynatrace during the 3rd quarter worth approximately $61,000. Finally, Jacobi Capital Management LLC purchased a new position in shares of Dynatrace during the 3rd quarter worth approximately $62,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Dynatrace News

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: Scotiabank maintained its Buy rating, signaling continued confidence in Dynatrace’s prospects. Scotiabank Sticks to Its Buy Rating for Dynatrace
• Positive Sentiment: Dynatrace’s board declared a share-buyback plan, which could support demand for the stock; the available report does not specify its size. Dynatrace Board Declares Share Buyback Plan
• Neutral Sentiment: Dynatrace is pairing AI security with observability, a strategic move that could open opportunities, though the article headline alone does not establish its likely near-term financial impact. Why Is Dynatrace Pairing AI Security With Observability Now?
• Negative Sentiment: Several analysts lowered price targets, including RBC to $68, Citi to $70, and Wedbush to $50 while retaining a Neutral rating. Although UBS also cut its target—to $75—it kept a Buy rating. Repeated reductions may add pressure despite targets remaining above the recent share price. RBC Cuts Dynatrace Price Target Citi Sets New Price Target Wedbush Trims Price Target
• Negative Sentiment: Commentary points to slower momentum and delayed enterprise deals weighing on the outlook, with Q4 seen as an important test. Shares also crossed below their 200-day moving average, a technical signal that can reinforce bearish sentiment. Dynatrace Q2 Review Delayed Enterprise Deals Weigh on Outlook Stock Crosses Below 200-Day Moving Average

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.