Dynatrace (NYSE:DT) Stock Gets Price Target Trim from Wedbush

Dynatrace (NYSE:DT) had its price target decreased by Wedbush from $54.00 to $50.00 in a report issued on Wednesday,Benzinga reports. Wedbush currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. BNP Paribas Exane raised Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Thursday, October 8th. Morgan Stanley upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $58.00 to $65.00 in a report on Tuesday, August 25th. DA Davidson lifted their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. KeyCorp upped their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Yorkville Ives initiated coverage on Dynatrace in a research report on Tuesday, October 6th. They set an “in-line” rating and a $62.00 price target on the stock. Twenty-four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Dynatrace Stock Down 0.6%

DT traded down $0.28 on Wednesday, reaching $43.42. 9,776,876 shares of the company traded hands, compared to its average volume of 7,832,414. Dynatrace has a one year low of $31.64 and a one year high of $66.30. The firm has a fifty day simple moving average of $57.24 and a two-hundred day simple moving average of $44.70. The company has a market cap of $12.55 billion, a P/E ratio of 80.40, a price-to-earnings-growth ratio of 3.38 and a beta of 0.76.

Dynatrace (NYSE:DT) last issued its earnings results on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $579.92 million for the quarter, compared to the consensus estimate of $568.03 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities analysts forecast that Dynatrace will post 1.11 earnings per share for the current year.

Dynatrace announced that its Board of Directors has authorized a stock repurchase program on Tuesday, November 3rd that allows the company to repurchase $1 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.3% of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity

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

Hedge Funds Weigh In On Dynatrace

Large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in Dynatrace by 304.7% during 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 acquiring an additional 7,045,591 shares in the last quarter. First Trust Advisors LP increased 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 acquiring an additional 5,958,505 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Dynatrace in the 1st quarter worth $190,890,000. Amundi raised its position in shares of Dynatrace by 461.5% in the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after acquiring an additional 5,127,910 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Dynatrace in the 2nd quarter worth $114,885,000. Institutional investors own 94.28% of the company’s stock.

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

Dynatrace Company Profile

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.