Dynatrace (NYSE:DT) Given New $73.00 Price Target at BTIG Research

Dynatrace (NYSE:DT) had its price objective upped by research analysts at BTIG Research from $62.00 to $73.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price objective indicates a potential upside of 14.89% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Truist Financial boosted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. KeyCorp increased their price target 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. Cantor Fitzgerald boosted their price objective on shares of Dynatrace from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Morgan Stanley raised Dynatrace from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $58.00 to $65.00 in a report on Tuesday, August 25th. Finally, Zacks Research downgraded Dynatrace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Twenty-four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average price target of $60.34.

Dynatrace Stock Up 3.2%

Dynatrace stock opened at $63.54 on Wednesday. The stock has a 50-day simple moving average of $55.50 and a 200 day simple moving average of $46.12. Dynatrace has a 12-month low of $31.64 and a 12-month high of $66.30. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 127.08, a P/E/G ratio of 3.78 and a beta of 0.77.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (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 business had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. During the same quarter in the prior year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. 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, sell-side analysts anticipate that Dynatrace will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the sale, the executive vice president owned 904,846 shares in the company, valued at $51,766,239.66. The trade was a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several large investors have recently bought and sold shares of DT. Pictet Asset Management Holding SA grew its holdings in Dynatrace by 7.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock worth $584,649,000 after acquiring an additional 1,160,690 shares during the period. Wellington Management Group LLP raised its position 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 raised its position 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 raised its position in shares of Dynatrace by 706.8% during the 1st quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock valued at $251,520,000 after acquiring an additional 5,958,505 shares during the last quarter. Finally, Amundi lifted its stake in shares of Dynatrace by 461.5% in the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock valued at $230,716,000 after purchasing an additional 5,127,910 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Dynatrace

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.