Dynatrace (NYSE:DT) Stock Lifted to “Outperform” by BNP Paribas Exane

Dynatrace (NYSE:DT) was upgraded by analysts at BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, Marketbeat reports. The firm presently has a $75.00 target price on the stock. BNP Paribas Exane’s price target indicates a potential upside of 25.21% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Zacks Research cut Dynatrace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Needham & Company LLC raised shares of Dynatrace from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Friday, September 18th. The Goldman Sachs Group boosted their price objective on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Barclays upped their target price on shares of Dynatrace from $48.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets lifted their price target on shares of Dynatrace from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 15th. Twenty-four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $57.54.

Dynatrace Stock Down 1.9%

NYSE:DT opened at $59.90 on Thursday. Dynatrace has a 12-month low of $31.64 and a 12-month high of $61.58. The stock’s fifty day simple moving average is $52.69 and its 200-day simple moving average is $44.47. The firm has a market capitalization of $17.31 billion, a P/E ratio of 119.79, a P/E/G ratio of 3.78 and a beta of 0.77.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $550.01 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’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. As a group, equities research analysts expect that Dynatrace will post 1.1 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Dynatrace

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in shares of Dynatrace by 304.7% in the first quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock worth $346,044,000 after purchasing an additional 7,045,591 shares in the last quarter. First Trust Advisors LP increased its stake in 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 buying an additional 5,958,505 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Dynatrace during the 1st quarter worth about $190,890,000. Amundi boosted its stake 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 buying an additional 5,127,910 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Dynatrace during the 2nd quarter worth about $114,885,000. 94.28% of the stock is currently 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 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.