Truist Financial Forecasts Strong Price Appreciation for Dynatrace (NYSE:DT) Stock

Dynatrace (NYSE:DT) had its price target raised by investment analysts at Truist Financial from $45.00 to $55.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 24.14% from the company’s current price.

DT has been the topic of several other reports. BTIG Research decreased their price target on shares of Dynatrace from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Barclays dropped their price objective on shares of Dynatrace from $47.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Thursday, June 25th. DA Davidson dropped their price target on Dynatrace from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Finally, William Blair assumed coverage on Dynatrace in a report on Thursday, May 21st. They set an “outperform” rating on the stock. Twenty-two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.27.

Dynatrace Stock Performance

DT opened at $44.31 on Thursday. Dynatrace has a 52-week low of $31.64 and a 52-week high of $56.00. The firm has a market cap of $12.91 billion, a P/E ratio of 81.68, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. The business’s fifty day moving average is $41.04 and its 200-day moving average is $39.27.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $531.72 million during the quarter, compared to the consensus estimate of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.Dynatrace’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. On average, research analysts predict that Dynatrace will post 1.12 earnings per share for the current fiscal year.

Institutional Trading of Dynatrace

Several large investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA increased its stake in Dynatrace by 7.9% in the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after purchasing an additional 1,160,690 shares in the last quarter. State Street Corp grew its stake in shares of Dynatrace by 1.0% in the 4th quarter. State Street Corp now owns 10,664,357 shares of the company’s stock valued at $462,193,000 after buying an additional 101,994 shares during the period. Bank of America Corp DE grew its stake 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 valued at $346,044,000 after buying an additional 7,045,591 shares during the period. Wellington Management Group LLP increased its position in Dynatrace by 9.0% in the 4th quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock valued at $346,716,000 after buying an additional 659,792 shares in the last quarter. Finally, First Trust Advisors LP increased its position 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 in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.