Dynatrace (NYSE:DT) Upgraded by Wedbush to Hold Rating

Dynatrace (NYSE:DT) was upgraded by equities researchers at Wedbush to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

A number of other equities research analysts have also weighed in on the stock. Guggenheim lowered shares of Dynatrace from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. DA Davidson raised their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $52.00 price target on shares of Dynatrace in a research report on Tuesday, August 4th. Citigroup boosted their price target on Dynatrace from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. cut their price objective on Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Twenty-two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.04.

Dynatrace Stock Down 0.6%

DT opened at $51.09 on Thursday. The company has a market cap of $14.77 billion, a P/E ratio of 102.19, a price-to-earnings-growth ratio of 3.14 and a beta of 0.74. The firm’s 50-day moving average price is $47.77 and its 200-day moving average price is $41.91. Dynatrace has a 52-week low of $31.64 and a 52-week high of $54.83.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. During the same quarter in the previous year, the firm earned $0.42 EPS. Dynatrace’s revenue was up 16.3% compared to the same quarter last year. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. On average, research analysts anticipate that Dynatrace will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Dynatrace

Institutional investors have recently modified their holdings of the stock. Cim LLC lifted its holdings in shares of Dynatrace by 1.0% in the 3rd quarter. Cim LLC now owns 22,184 shares of the company’s stock valued at $1,075,000 after buying an additional 228 shares during the period. Orion Porfolio Solutions LLC boosted its position in Dynatrace by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 16,983 shares of the company’s stock worth $823,000 after purchasing an additional 231 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Dynatrace by 21.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock worth $85,000 after purchasing an additional 272 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Dynatrace by 1.3% during the 4th quarter. Principal Securities Inc. now owns 24,879 shares of the company’s stock worth $1,078,000 after purchasing an additional 316 shares during the period. Finally, MJP Associates Inc. ADV grew its stake in shares of Dynatrace by 5.8% during the 4th quarter. MJP Associates Inc. ADV now owns 6,242 shares of the company’s stock worth $271,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating cloud, hybrid, and multicloud environments. Its platform is designed to help businesses monitor the performance, availability, and security of applications, infrastructure, networks, and user experiences from a unified environment.

The company’s offerings include application performance monitoring, infrastructure and cloud monitoring, log and analytics capabilities, digital experience monitoring, application security, and software delivery insights.