Dynatrace (NYSE:DT) Reaches New 52-Week High After Analyst Upgrade

Dynatrace, Inc. (NYSE:DT)’s share price reached a new 52-week high during mid-day trading on Thursday after UBS Group raised their price target on the stock from $65.00 to $74.00. UBS Group currently has a buy rating on the stock. Dynatrace traded as high as $59.42 and last traded at $59.1980, with a volume of 3688388 shares changing hands. The stock had previously closed at $57.74.

Other equities analysts have also recently issued reports about the stock. TD Cowen upped their price target on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Canaccord Genuity Group increased their price objective on Dynatrace from $46.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Needham & Company LLC raised Dynatrace from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Friday, September 18th. BMO Capital Markets upped their price target on Dynatrace from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Tuesday, September 15th. Finally, Wedbush cut Dynatrace from an “outperform” rating to a “neutral” rating and set a $54.00 price target for the company. in a research note on Thursday, September 10th. Twenty-three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.89.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $57.21, for a total value of $2,860,500.00. Following the completion of the sale, the executive vice president directly owned 904,846 shares in the company, valued at approximately $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Dynatrace

Several hedge funds have recently modified their holdings of DT. Pictet Asset Management Holding SA lifted its position in shares of Dynatrace by 7.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after acquiring an additional 1,160,690 shares during the period. Wellington Management Group LLP increased its stake in Dynatrace by 23.5% in the second quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after purchasing an additional 2,191,497 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Dynatrace by 304.7% during the first quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock valued at $346,044,000 after purchasing an additional 7,045,591 shares during the period. First Trust Advisors LP raised its holdings in shares of Dynatrace by 706.8% during the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock valued at $251,520,000 after purchasing an additional 5,958,505 shares during the period. Finally, Amundi boosted its position in shares of Dynatrace by 461.5% during the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after purchasing an additional 5,127,910 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 2.5%

The stock’s 50-day moving average price is $50.97 and its 200-day moving average price is $43.75. The company has a market cap of $17.11 billion, a P/E ratio of 118.40, a PEG ratio of 3.56 and a beta of 0.74.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the business 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, research analysts anticipate that Dynatrace, Inc. will post 1.1 earnings per share for the current fiscal year.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company’s products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.