Dynatrace (NYSE:DT) Upgraded by Zacks Research to “Strong-Buy” Rating

Dynatrace (NYSE:DT) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

DT has been the topic of several other reports. Scotiabank lowered their target price on shares of Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 14th. UBS Group upgraded Dynatrace from a “neutral” rating to a “buy” rating and upped their price target for the stock from $36.00 to $60.00 in a research note on Monday, June 15th. Guggenheim lowered Dynatrace from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Citigroup cut their price objective on Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.27.

Dynatrace Stock Performance

NYSE:DT opened at $45.03 on Monday. The company has a market capitalization of $13.07 billion, a P/E ratio of 83.39, a P/E/G ratio of 2.86 and a beta of 0.73. The stock’s 50 day moving average price is $41.67 and its 200 day moving average price is $39.28. Dynatrace has a 52 week low of $31.64 and a 52 week high of $55.49.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $531.72 million during the quarter, compared to analysts’ expectations of $521.01 million. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 earnings per share. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. As a group, sell-side analysts forecast that Dynatrace will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dynatrace

Several large investors have recently made changes to their positions in DT. Pictet Asset Management Holding SA boosted its stake 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 valued at $584,649,000 after purchasing an additional 1,160,690 shares during the period. State Street Corp increased its position in Dynatrace by 1.0% in the 4th quarter. State Street Corp now owns 10,664,357 shares of the company’s stock worth $462,193,000 after buying an additional 101,994 shares during the period. Bank of America Corp DE lifted its holdings in shares of Dynatrace by 304.7% during the first quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock worth $346,044,000 after buying an additional 7,045,591 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Dynatrace by 9.0% during the fourth quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock worth $346,716,000 after buying an additional 659,792 shares during the last quarter. Finally, First Trust Advisors LP boosted its position 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 valued at $251,520,000 after acquiring an additional 5,958,505 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

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.