Dynatrace (NYSE:DT) Upgraded at Needham & Company LLC

Needham & Company LLC upgraded shares of Dynatrace (NYSE:DT) from a hold rating to a buy rating in a report released on Friday morning, Marketbeat Ratings reports. They currently have $68.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada lifted their target price on Dynatrace from $50.00 to $59.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Citigroup upped their target price on Dynatrace from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Zacks Research cut Dynatrace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald raised their price target on Dynatrace from $37.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, DA Davidson lifted their price target on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Twenty-three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.07.

Dynatrace Trading Up 0.1%

Shares of Dynatrace stock opened at $55.18 on Friday. The company has a fifty day simple moving average of $48.79 and a 200-day simple moving average of $42.64. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 110.36, a PEG ratio of 3.39 and a beta of 0.74. Dynatrace has a 12-month low of $31.64 and a 12-month high of $57.23.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping 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 analyst estimates of $550.01 million. During the same period last year, the business earned $0.42 EPS. Dynatrace’s revenue for the quarter 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. On average, analysts forecast that Dynatrace will post 1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. RHL Group LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth about $30,000. CX Institutional increased its position in Dynatrace by 1,119.0% in the 2nd quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after acquiring an additional 649 shares during the period. Brown Lisle Cummings Inc. increased its position in Dynatrace by 218.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after acquiring an additional 547 shares during the period. Larson Financial Group LLC raised its stake in Dynatrace by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after acquiring an additional 508 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in Dynatrace by 577.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company’s stock valued at $55,000 after acquiring an additional 1,264 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

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.