Dynatrace (NYSE:DT) Sees Large Volume Increase After Analyst Upgrade

Dynatrace, Inc. (NYSE:DT) saw an uptick in trading volume on Tuesday after Citigroup raised their price target on the stock from $62.00 to $65.00. Citigroup currently has a buy rating on the stock. 9,555,595 shares traded hands during trading, an increase of 50% from the previous session’s volume of 6,376,856 shares.The stock last traded at $48.4080 and had previously closed at $47.61.

A number of other analysts also recently weighed in on DT. BMO Capital Markets restated an “outperform” rating on shares of Dynatrace in a research note on Thursday, August 6th. Oppenheimer raised their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Wedbush set a $48.00 target price on shares of Dynatrace in a research note on Friday, May 15th. Wolfe Research reiterated an “outperform” rating and issued a $42.00 price target on shares of Dynatrace in a report on Thursday, May 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Thursday, June 25th. Twenty-two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.54.

Hedge Funds Weigh In On Dynatrace

A number of hedge funds have recently made changes to their positions in the business. Forsta AP Fonden boosted its position in shares of Dynatrace by 60.4% in the fourth quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock worth $8,685,000 after buying an additional 75,500 shares during the period. UNIVEST FINANCIAL Corp bought a new stake in shares of Dynatrace in the fourth quarter worth $1,212,000. AXQ Capital LP increased its position in shares of Dynatrace by 651.7% in the 4th quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock worth $1,497,000 after purchasing an additional 29,952 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Dynatrace by 12.0% in the fourth quarter. Hsbc Holdings PLC now owns 243,259 shares of the company’s stock valued at $10,568,000 after buying an additional 26,129 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Dynatrace by 123,910.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,881,245 shares of the company’s stock valued at $81,533,000 after acquiring an additional 1,879,728 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 99.19, a PEG ratio of 2.87 and a beta of 0.72. The stock’s fifty day simple moving average is $44.59 and its two-hundred day simple moving average is $40.11.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. Dynatrace’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. 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, sell-side analysts predict that Dynatrace, Inc. will post 1.15 EPS for the current year.

About Dynatrace

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.