Dynatrace (NYSE:DT) Price Target Raised to $60.00

Dynatrace (NYSE:DT) had its price objective raised by stock analysts at Truist Financial from $55.00 to $60.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 20.65% from the stock’s current price.

A number of other brokerages have also recently commented on DT. Weiss Ratings upgraded shares of Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. The Goldman Sachs Group upped their price objective on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Morgan Stanley increased their target price on shares of Dynatrace from $40.00 to $58.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Dynatrace in a research note on Thursday, August 6th. Finally, Wolfe Research restated an “outperform” rating and set a $42.00 price target on shares of Dynatrace in a research report on Thursday, May 14th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.96.

Dynatrace Price Performance

NYSE DT traded down $1.02 during trading hours on Friday, reaching $49.73. 3,248,163 shares of the stock traded hands, compared to its average volume of 6,338,962. The stock has a 50 day simple moving average of $43.99 and a two-hundred day simple moving average of $39.87. Dynatrace has a 1 year low of $31.64 and a 1 year high of $53.28. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 99.49, a price-to-earnings-growth ratio of 2.95 and a beta of 0.72.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. 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, sell-side analysts forecast that Dynatrace will post 1.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Dynatrace

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

Dynatrace Company Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.