Dynatrace (NYSE:DT) Reaches New 52-Week High – What’s Next?

Dynatrace, Inc. (NYSE:DT) shares reached a new 52-week high on Thursday . The stock traded as high as $53.96 and last traded at $54.0470, with a volume of 1126865 shares. The stock had previously closed at $51.60.

Wall Street Analyst Weigh In

DT has been the topic of a number of recent analyst reports. Wedbush set a $48.00 target price on shares of Dynatrace in a research note on Friday, May 15th. UBS Group reiterated a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research note on Monday. DA Davidson boosted their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Scotiabank restated an “outperform” rating and set a $61.00 price objective on shares of Dynatrace in a research note on Thursday, August 6th. Finally, KeyCorp lifted their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.81.

Dynatrace Stock Performance

The stock has a 50 day moving average of $45.47 and a 200 day moving average of $40.61. The stock has a market capitalization of $15.40 billion, a P/E ratio of 106.52, a P/E/G ratio of 3.03 and a beta of 0.72.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. During the same period last year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. On average, research analysts anticipate that Dynatrace, Inc. will post 1.12 EPS for the current fiscal year.

Institutional Trading of Dynatrace

Several hedge funds have recently bought and sold shares of DT. Cim LLC raised its position in shares of Dynatrace by 1.0% during the third quarter. Cim LLC now owns 22,184 shares of the company’s stock worth $1,075,000 after acquiring an additional 228 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Dynatrace by 1.4% in the third quarter. Orion Porfolio Solutions LLC now owns 16,983 shares of the company’s stock valued at $823,000 after acquiring an additional 231 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Dynatrace by 21.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after acquiring an additional 272 shares during the last quarter. Van Berkom & Associates Inc. increased its position in Dynatrace by 1.4% in the fourth quarter. Van Berkom & Associates Inc. now owns 21,837 shares of the company’s stock worth $946,000 after purchasing an additional 302 shares during the period. Finally, Principal Securities Inc. increased its position in Dynatrace by 1.3% in the fourth quarter. Principal Securities Inc. now owns 24,879 shares of the company’s stock worth $1,078,000 after purchasing an additional 316 shares during the period. 94.28% of the stock is currently owned by 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.