Dynatrace (NYSE:DT) Price Target Raised to $70.00

Dynatrace (NYSE:DT) had its price objective increased by Truist Financial from $60.00 to $70.00 in a research note published on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Oppenheimer upped their price objective on Dynatrace from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Citigroup raised their price objective on Dynatrace from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Scotiabank reiterated an “outperform” rating and issued a $61.00 target price on shares of Dynatrace in a research report on Thursday, August 6th. BMO Capital Markets boosted their target price on Dynatrace from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Finally, Canaccord Genuity Group boosted their target price on Dynatrace from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.90.

Dynatrace Price Performance

Shares of DT opened at $64.14 on Wednesday. Dynatrace has a one year low of $31.64 and a one year high of $66.30. The company has a market cap of $18.54 billion, a P/E ratio of 64.66, a P/E/G ratio of 3.90 and a beta of 0.77. The firm has a 50 day simple moving average of $56.36 and a two-hundred day simple moving average of $46.62.

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. The firm had revenue of $554.55 million during the quarter, compared to analysts’ expectations of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. 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, analysts expect that Dynatrace will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

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 stock was 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 of the company’s stock, 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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Hedge funds have recently added to or reduced their stakes in the business. CX Institutional increased its position in Dynatrace by 1,119.0% in the 2nd quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after acquiring an additional 649 shares during the period. 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. Elevation Wealth Partners LLC lifted its holdings in shares of Dynatrace by 37.8% during the third quarter. Elevation Wealth Partners LLC now owns 929 shares of the company’s stock worth $54,000 after purchasing an additional 255 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Dynatrace by 577.2% during the first quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company’s stock worth $55,000 after purchasing an additional 1,264 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of Dynatrace during the third quarter worth $86,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.