Rosenblatt Securities Forecasts Strong Price Appreciation for Dynatrace (NYSE:DT) Stock

Dynatrace (NYSE:DT) had its price objective lifted by equities research analysts at Rosenblatt Securities from $62.00 to $70.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities‘s price objective suggests a potential upside of 11.40% from the stock’s current price.

Other analysts have also issued research reports about the company. Canaccord Genuity Group raised their price target on Dynatrace from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $58.00 to $65.00 in a research report on Tuesday, August 25th. Wells Fargo & Company boosted their price objective on shares of Dynatrace from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday. Scotiabank restated an “outperform” rating and issued a $61.00 price objective on shares of Dynatrace in a report on Thursday, August 6th. Finally, UBS Group raised their target price on shares of Dynatrace from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Twenty-four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average price target of $63.34.

Dynatrace Price Performance

DT opened at $62.84 on Thursday. The business has a 50 day simple moving average of $57.20 and a two-hundred day simple moving average of $44.35. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 125.68, a PEG ratio of 3.94 and a beta of 0.77. Dynatrace has a one year low of $31.64 and a one year high of $66.30.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share 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 analyst estimates of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. 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 expect that Dynatrace will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 904,846 shares of the company’s stock, valued at $51,766,239.66. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

Several institutional investors and hedge funds have recently added to or reduced their stakes in DT. Bank of America Corp DE lifted its stake in shares of Dynatrace by 304.7% in 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 in the last quarter. First Trust Advisors LP grew its holdings in shares of Dynatrace by 706.8% during the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock valued at $251,520,000 after buying an additional 5,958,505 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dynatrace during the first quarter valued at approximately $190,890,000. Amundi increased its position in shares of Dynatrace by 461.5% during the first quarter. Amundi now owns 6,238,938 shares of the company’s stock valued at $230,716,000 after acquiring an additional 5,127,910 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Dynatrace during the second quarter valued at approximately $114,885,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.