Dynatrace (NYSE:DT) Hits New 52-Week High on Analyst Upgrade

Dynatrace, Inc. (NYSE:DT) reached a new 52-week high during mid-day trading on Tuesday after BMO Capital Markets raised their price target on the stock from $60.00 to $62.00. BMO Capital Markets currently has an outperform rating on the stock. Dynatrace traded as high as $54.99 and last traded at $55.1050, with a volume of 1954735 shares. The stock had previously closed at $53.34.

Other analysts have also issued reports about the stock. Truist Financial lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Scotiabank reissued an “outperform” rating and issued a $61.00 price objective on shares of Dynatrace in a research note on Thursday, August 6th. Morgan Stanley upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $58.00 to $65.00 in a research report on Tuesday, August 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Dynatrace in a research note on Tuesday, August 4th. Finally, Barclays lifted their price objective on shares of Dynatrace from $48.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.50.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors have recently modified their holdings of DT. Sequoia Financial Advisors LLC raised its position in Dynatrace by 25.2% in the second quarter. Sequoia Financial Advisors LLC now owns 100,563 shares of the company’s stock valued at $4,416,000 after purchasing an additional 20,222 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Dynatrace by 8.6% in the 2nd quarter. Tidal Investments LLC now owns 65,002 shares of the company’s stock worth $2,854,000 after purchasing an additional 5,136 shares during the period. Engineers Gate Manager LP boosted its position in Dynatrace by 709.8% during the second quarter. Engineers Gate Manager LP now owns 365,333 shares of the company’s stock valued at $16,042,000 after acquiring an additional 320,219 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Dynatrace in the 2nd quarter valued at about $292,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Dynatrace by 116.4% during the 2nd quarter. NewEdge Advisors LLC now owns 31,127 shares of the company’s stock worth $1,367,000 after buying an additional 16,746 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 110.19, a PEG ratio of 3.21 and a beta of 0.74. The business’s fifty day simple moving average is $47.92 and its 200 day simple moving average is $42.10.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $554.55 million during the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.Dynatrace’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. Equities research analysts expect that Dynatrace, Inc. will post 1.08 earnings per share for the current fiscal year.

About Dynatrace

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating cloud, hybrid, and multicloud environments. Its platform is designed to help businesses monitor the performance, availability, and security of applications, infrastructure, networks, and user experiences from a unified environment.

The company’s offerings include application performance monitoring, infrastructure and cloud monitoring, log and analytics capabilities, digital experience monitoring, application security, and software delivery insights.