Dynatrace (NYSE:DT) Stock Price Target Lowered at Wedbush

Dynatrace (NYSE:DT) had its price target trimmed by Wedbush from $54.00 to $50.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Oppenheimer lifted their price objective on shares of Dynatrace from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. BNP Paribas Exane upgraded shares of Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Thursday, October 8th. Needham & Company LLC reduced their target price on shares of Dynatrace from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Finally, KeyCorp lifted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Dynatrace Stock Performance

DT stock opened at $46.69 on Wednesday. Dynatrace has a twelve month low of $31.64 and a twelve month high of $66.30. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 86.47, a PEG ratio of 2.88 and a beta of 0.76. The business’s fifty day simple moving average is $57.60 and its two-hundred day simple moving average is $44.66. The company has a quick ratio of 1.21, a current ratio of 2.09 and a debt-to-equity ratio of 0.62.

Dynatrace (NYSE:DT) last issued its earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $579.92 million during the quarter, compared to analyst estimates of $568.03 million. Dynatrace had a net margin of 7.42% and a return on equity of 12.73%. The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. Analysts predict that Dynatrace will post 1.11 earnings per share for the current year.

Dynatrace declared that its Board of Directors has approved a stock repurchase plan on Tuesday, November 3rd that permits the company to buy back $1 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.3% of its shares through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace 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 in the company, valued at $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA increased its position in Dynatrace by 12.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 14,293,302 shares of the company’s stock valued at $825,243,000 after purchasing an additional 1,531,104 shares during the period. Wellington Management Group LLP lifted its position in shares of Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock worth $506,229,000 after purchasing an additional 2,191,497 shares during the period. Bank of America Corp DE lifted its position in shares of Dynatrace by 304.7% in the 1st 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 during the period. First Trust Advisors LP lifted its position in shares of Dynatrace by 706.8% in the 1st quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after purchasing an additional 5,958,505 shares during the period. Finally, Amundi lifted its position in shares of Dynatrace by 461.5% in 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 during the period. 94.28% of the stock is currently owned by institutional investors.

Key Headlines Impacting Dynatrace

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: Dynatrace authorized a $1 billion share repurchase, covering up to 6.3% of its shares. Buybacks can signal management confidence and support per-share results. Share buyback report
• Positive Sentiment: Fiscal Q2 revenue of $579.9 million and adjusted EPS of $0.54 exceeded consensus estimates; revenue grew 17.4% year over year. Dynatrace Q2 results
• Neutral Sentiment: Several firms lowered their price targets but kept positive ratings: UBS to $75 and Citi to $70, both Buy; Barclays to $61, Overweight; and RBC to $68, Outperform. The retained ratings suggest analysts still see upside, though their reduced targets reflect more cautious expectations. UBS rating information
• Negative Sentiment: The main concern is the company’s reduced profit outlook, with reports also pointing to a weaker cash-flow forecast and acquisition-related effects. That outlook appears to have outweighed the quarterly beat and buyback. Earnings and outlook report
• Negative Sentiment: More target reductions—including Wells Fargo to $65, BMO to $60, and Wedbush to $50, which has a Neutral rating—reinforce concerns that near-term expectations have come down. BMO price-target update

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.