Dynatrace (NYSE:DT) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Dynatrace (NYSE:DT) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. DA Davidson dropped their price target on shares of Dynatrace from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Guggenheim lowered Dynatrace from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Truist Financial raised their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. William Blair initiated coverage on Dynatrace in a research report on Thursday, May 21st. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. cut their price target on Dynatrace from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.27.

Dynatrace Stock Performance

DT stock opened at $45.03 on Monday. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 83.39, a P/E/G ratio of 2.86 and a beta of 0.73. The business’s 50-day moving average is $41.67 and its two-hundred day moving average is $39.28. Dynatrace has a fifty-two week low of $31.64 and a fifty-two week high of $55.49.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its position in shares of Dynatrace by 7.9% in the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after acquiring an additional 1,160,690 shares in the last quarter. State Street Corp grew its position in shares of Dynatrace by 1.0% during the fourth quarter. State Street Corp now owns 10,664,357 shares of the company’s stock worth $462,193,000 after purchasing an additional 101,994 shares in the last quarter. Bank of America Corp DE grew its position 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 purchasing an additional 7,045,591 shares in the last quarter. Wellington Management Group LLP grew its position 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 purchasing an additional 659,792 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in 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 purchasing an additional 5,958,505 shares during the period. Hedge funds and other 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.