Dynatrace (NYSE:DT) Price Target Raised to $75.00

Dynatrace (NYSE:DT) had its price objective increased by Wells Fargo & Company from $60.00 to $75.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

DT has been the subject of a number of other reports. Weiss Ratings raised shares of Dynatrace from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Royal Bank Of Canada raised their price objective on shares of Dynatrace from $59.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, October 12th. Zacks Research lowered shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. BMO Capital Markets upped their target price on shares of Dynatrace from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Tuesday, September 15th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $52.00 price target on shares of Dynatrace in a research note on Tuesday, August 4th. Twenty-four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.97.

Dynatrace Stock Down 5.6%

Dynatrace stock opened at $57.59 on Wednesday. The business’s 50-day simple moving average is $57.59 and its 200 day simple moving average is $44.52. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 62.22, a P/E/G ratio of 3.74 and a beta of 0.77. Dynatrace has a 12-month low of $31.64 and a 12-month high of $66.30.

Dynatrace (NYSE:DT) last announced its quarterly earnings data 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. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%. The firm had revenue of $554.55 million during the quarter, compared to analysts’ expectations of $550.01 million. During the same period in the previous year, the business posted $0.42 EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. 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, sell-side analysts expect that Dynatrace will post 1.11 EPS for the current year.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $51,766,239.66. This represents a 5.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Dynatrace in the 3rd quarter valued at $39,000. CX Institutional raised its stake in Dynatrace by 1,119.0% during the 2nd quarter. CX Institutional now owns 707 shares of the company’s stock worth $31,000 after buying an additional 649 shares during the period. Elevation Wealth Partners LLC lifted its holdings in 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 acquiring an additional 255 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in Dynatrace during the third quarter worth about $61,000. Finally, SJS Investment Consulting Inc. lifted its holdings in 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 acquiring an additional 1,264 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

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.