Dynatrace (NYSE:DT) Given New $65.00 Price Target at Wells Fargo & Company

Dynatrace (NYSE:DT) had its price objective decreased by research analysts at Wells Fargo & Company from $75.00 to $65.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 41.80% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Zacks Research lowered shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 target price on shares of Dynatrace in a report on Sunday, October 11th. Rosenblatt Securities dropped their price target on Dynatrace from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $58.00 to $65.00 in a research note on Tuesday, August 25th. Finally, DA Davidson raised their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.69.

Dynatrace Price Performance

DT stock traded down $1.19 during midday trading on Wednesday, hitting $45.84. The stock had a trading volume of 4,483,819 shares, compared to its average volume of 6,657,875. The business has a 50-day moving average of $57.67 and a two-hundred day moving average of $44.62. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 91.30, a price-to-earnings-growth ratio of 3.38 and a beta of 0.76. Dynatrace has a 52-week low of $31.64 and a 52-week high of $66.30.

Dynatrace (NYSE:DT) last announced its earnings results on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $579.92 million for the quarter, compared to analysts’ expectations of $568.03 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. Research analysts predict that Dynatrace will post 1.11 earnings per share for the current year.

Dynatrace announced that its Board of Directors has authorized a stock buyback plan on Tuesday, November 3rd that permits the company to repurchase $1 billion in outstanding shares. This buyback authorization permits the company to purchase up to 6.3% of its shares through open market purchases. Share buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 904,846 shares of the company’s stock, valued at approximately $51,766,239.66. This represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Pictet Asset Management Holding SA increased its holdings in Dynatrace by 12.0% in the 3rd quarter. Pictet Asset Management Holding SA now owns 14,293,302 shares of the company’s stock worth $825,243,000 after buying an additional 1,531,104 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Dynatrace by 23.5% during the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after acquiring an additional 2,191,497 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Dynatrace by 304.7% during 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 acquiring an additional 7,045,591 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Dynatrace by 706.8% in the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after acquiring an additional 5,958,505 shares during the period. Finally, Amundi grew its stake in shares of Dynatrace by 461.5% in the first quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after acquiring an additional 5,127,910 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Trending Headlines about Dynatrace

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: Dynatrace reported fiscal Q2 adjusted earnings of $0.54 per share, above the $0.49 consensus, and revenue of $579.92 million, exceeding estimates and growing 17.4% year over year. Dynatrace Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The board authorized up to $1 billion in share repurchases, a potential source of shareholder returns and a signal management sees value in the shares.
• Positive Sentiment: Dynatrace and CrowdStrike announced a strategic partnership combining security and observability capabilities. CrowdStrike and Dynatrace announce security and observability partnership
• Neutral Sentiment: Analysts lowered price targets after the results, but Rosenblatt and Needham maintained Buy ratings; Wedbush cut its target to $50 and kept a Neutral rating.
• Negative Sentiment: The company’s reduced profit and cash-flow outlook—reported as affected by its acquisition—overshadowed the quarterly beat and prompted a sharp selloff. This weaker forward outlook appears to be the main near-term pressure on DT. Dynatrace falls on trimmed earnings guidance

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.