Dynatrace (NYSE:DT) Upgraded to Hold at Wedbush

Wedbush upgraded shares of Dynatrace (NYSE:DT) to a hold rating in a report released on Thursday,Zacks reports.

A number of other equities research analysts have also recently issued reports on DT. Cantor Fitzgerald raised their target price on Dynatrace from $37.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Canaccord Genuity Group upped their price target on shares of Dynatrace from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. BMO Capital Markets reiterated an “outperform” rating on shares of Dynatrace in a research report on Thursday, August 6th. UBS Group reiterated a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a research report on Monday, August 24th. Finally, Guggenheim lowered shares of Dynatrace from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Twenty-two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $55.04.

Dynatrace Stock Down 0.6%

Shares of DT stock opened at $51.09 on Thursday. The company has a market cap of $14.77 billion, a P/E ratio of 102.19, a PEG ratio of 3.14 and a beta of 0.74. The business has a 50 day moving average of $47.77 and a two-hundred day moving average of $41.91. Dynatrace has a 52 week low of $31.64 and a 52 week high of $54.83.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Brown Lisle Cummings Inc. lifted its holdings in Dynatrace by 218.8% in the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock worth $29,000 after purchasing an additional 547 shares during the period. RHL Group LLC bought a new stake in shares of Dynatrace during the 4th quarter worth about $30,000. CX Institutional lifted its stake in shares of Dynatrace by 1,119.0% in the 2nd quarter. CX Institutional now owns 707 shares of the company’s stock worth $31,000 after acquiring an additional 649 shares during the period. Larson Financial Group LLC lifted its stake in shares of Dynatrace by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock worth $35,000 after acquiring an additional 508 shares during the period. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Dynatrace by 577.2% in the first quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company’s stock valued at $55,000 after acquiring an additional 1,264 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.