Oppenheimer Issues Positive Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its price objective hoisted by Oppenheimer from $45.00 to $55.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 23.69% from the stock’s current price.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Rothschild & Co Redburn began coverage on shares of Dynatrace in a research report on Thursday, April 23rd. They issued a “neutral” rating and a $40.00 price target for the company. Truist Financial upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings raised Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Finally, BMO Capital Markets boosted their target price on Dynatrace from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus target price of $48.88.

Dynatrace Stock Performance

NYSE:DT opened at $44.47 on Monday. Dynatrace has a 1 year low of $31.64 and a 1 year high of $55.49. The stock has a market cap of $12.91 billion, a P/E ratio of 82.34, a P/E/G ratio of 2.85 and a beta of 0.73. The stock has a 50-day simple moving average of $41.98 and a 200-day simple moving average of $39.30.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $531.72 million for the quarter, compared to analyst estimates of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company 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. On average, equities research analysts predict that Dynatrace will post 1.12 EPS for the current year.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its stake 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 during the last quarter. Wellington Management Group LLP increased its stake in Dynatrace by 719.3% in the 3rd quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after buying an additional 6,444,262 shares during the period. First Trust Advisors LP increased its stake in Dynatrace by 706.8% in the 1st 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 period. Arrowstreet Capital Limited Partnership purchased a new position in Dynatrace during the 1st quarter worth $190,890,000. Finally, Amundi raised its position in Dynatrace by 461.5% during the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after buying an additional 5,127,910 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.