Dynatrace (NYSE:DT) Sets New 12-Month High – What’s Next?

Shares of Dynatrace, Inc. (NYSE:DT) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $53.96 and last traded at $54.0470, with a volume of 1126865 shares traded. The stock had previously closed at $51.60.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DT. BTIG Research boosted their price objective on Dynatrace from $47.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Canaccord Genuity Group increased their target price on shares of Dynatrace from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citigroup raised their price target on shares of Dynatrace from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Zacks Research cut shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, KeyCorp upped their price objective 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-three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $54.81.

Dynatrace Trading Up 0.4%

The firm has a fifty day moving average price of $45.95 and a 200 day moving average price of $40.84. The firm has a market cap of $15.50 billion, a PE ratio of 107.26, a price-to-earnings-growth ratio of 3.26 and a beta of 0.72.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s 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, equities analysts predict that Dynatrace, Inc. will post 1.11 earnings per share for the current year.

Institutional Trading of Dynatrace

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of Dynatrace by 25.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock valued at $431,000 after purchasing an additional 1,846 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Dynatrace by 19.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock worth $102,000 after purchasing an additional 348 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Dynatrace by 21.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock worth $85,000 after purchasing an additional 272 shares during the last quarter. Invesco Ltd. raised its holdings in Dynatrace by 38.9% in the 2nd quarter. Invesco Ltd. now owns 793,630 shares of the company’s stock valued at $43,816,000 after buying an additional 222,395 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Dynatrace in the 2nd quarter valued at about $410,000. Hedge funds and other institutional investors 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.