Dynatrace (NYSE:DT) Price Target Raised to $62.00

Dynatrace (NYSE:DT) had its target price lifted by BMO Capital Markets from $60.00 to $62.00 in a report released on Tuesday, Marketbeat reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other analysts have also recently commented on DT. Truist Financial raised their target price on Dynatrace from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 14th. TD Cowen boosted their price target on Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group increased their price target on Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Citigroup raised their price target on Dynatrace from $62.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Finally, Zacks Research cut shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Twenty-two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.50.

Dynatrace Stock Up 1.0%

Dynatrace stock opened at $55.76 on Tuesday. Dynatrace has a 52-week low of $31.64 and a 52-week high of $56.27. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 111.53, a PEG ratio of 3.40 and a beta of 0.74. The firm has a 50-day moving average price of $48.56 and a two-hundred day moving average price of $42.51.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. Dynatrace’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. Research analysts expect that Dynatrace will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Dynatrace

Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its position in shares of Dynatrace by 25.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 100,563 shares of the company’s stock valued at $4,416,000 after purchasing an additional 20,222 shares during the period. Tidal Investments LLC lifted its holdings in shares of Dynatrace by 8.6% in the second quarter. Tidal Investments LLC now owns 65,002 shares of the company’s stock valued at $2,854,000 after buying an additional 5,136 shares during the period. Engineers Gate Manager LP lifted its holdings in shares of Dynatrace by 709.8% in the second quarter. Engineers Gate Manager LP now owns 365,333 shares of the company’s stock valued at $16,042,000 after buying an additional 320,219 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Dynatrace in the second quarter valued at $292,000. Finally, NewEdge Advisors LLC boosted its stake in Dynatrace by 116.4% during the second quarter. NewEdge Advisors LLC now owns 31,127 shares of the company’s stock valued at $1,367,000 after buying an additional 16,746 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating cloud, hybrid, and multicloud environments. Its platform is designed to help businesses monitor the performance, availability, and security of applications, infrastructure, networks, and user experiences from a unified environment.

The company’s offerings include application performance monitoring, infrastructure and cloud monitoring, log and analytics capabilities, digital experience monitoring, application security, and software delivery insights.