Dynatrace’s (DT) “Buy” Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of Dynatrace (NYSE:DT) in a report published on Wednesday,Benzinga reports. The firm currently has a $50.00 price target on the stock.

Several other brokerages have also issued reports on DT. Canaccord Genuity Group set a $50.00 price target on shares of Dynatrace in a research note on Tuesday, February 10th. Wells Fargo & Company dropped their price target on shares of Dynatrace from $65.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Keefe, Bruyette & Woods raised shares of Dynatrace to a “buy” rating in a report on Monday, February 9th. Robert W. Baird set a $47.00 price target on shares of Dynatrace in a report on Tuesday, February 10th. Finally, BMO Capital Markets dropped their price target on shares of Dynatrace from $56.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.32.

Dynatrace Trading Up 4.0%

NYSE DT traded up $1.43 during trading on Wednesday, hitting $37.64. The company had a trading volume of 4,579,815 shares, compared to its average volume of 6,167,930. Dynatrace has a one year low of $31.64 and a one year high of $57.55. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 61.71, a price-to-earnings-growth ratio of 2.21 and a beta of 0.71. The company’s fifty day moving average is $36.61 and its 200-day moving average is $41.09.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Dynatrace had a net margin of 9.55% and a return on equity of 9.75%. The business had revenue of $515.47 million during the quarter, compared to analyst estimates of $506.31 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Dynatrace has set its FY 2026 guidance at 1.670-1.690 EPS and its Q4 2026 guidance at 0.380-0.390 EPS. As a group, equities analysts anticipate that Dynatrace will post 0.88 EPS for the current year.

Dynatrace declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 9.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Stephen A. Mcmahon acquired 3,000 shares of Dynatrace stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of $35.75 per share, for a total transaction of $107,250.00. Following the completion of the transaction, the executive vice president directly owned 3,454 shares in the company, valued at approximately $123,480.50. This represents a 660.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dynatrace

Several institutional investors and hedge funds have recently modified their holdings of DT. Cornerstone Planning Group LLC increased its position in Dynatrace by 561.4% in the third quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at $26,000. RHL Group LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at $30,000. Hazlett Burt & Watson Inc. bought a new position in shares of Dynatrace in the third quarter worth about $37,000. Finally, Brown Lisle Cummings Inc. grew its holdings in shares of Dynatrace by 218.8% in the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock worth $29,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

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.