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

Dynatrace (NYSE:DT) had its target price increased by Oppenheimer from $60.00 to $71.00 in a note issued to investors on Thursday, Briefing.com reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 21.23% from the stock’s current price.

DT has been the topic of several other reports. Needham & Company LLC upgraded shares of Dynatrace from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Friday, September 18th. Citigroup increased their target price on Dynatrace from $62.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. KeyCorp raised 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. Jefferies Financial Group reiterated a “buy” rating on shares of Dynatrace in a report on Wednesday, August 5th. Finally, Wedbush lowered Dynatrace from an “outperform” rating to a “neutral” rating and set a $54.00 price target on the stock. in a research report on Thursday, September 10th. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus target price of $56.67.

Dynatrace Trading Up 2.4%

DT stock opened at $58.57 on Thursday. Dynatrace has a one year low of $31.64 and a one year high of $59.31. The firm has a 50-day moving average of $49.54 and a two-hundred day moving average of $43.05. The firm has a market capitalization of $16.93 billion, a PE ratio of 117.13, a P/E/G ratio of 3.52 and a beta of 0.74.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The business had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. During the same period last year, the firm 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, equities research analysts anticipate that Dynatrace will post 1.11 earnings per share for the current year.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $57.21, for a total value of $2,860,500.00. Following the completion of the sale, the executive vice president owned 904,846 shares in the company, valued at $51,766,239.66. This represents a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

A number of hedge funds have recently modified their holdings of the stock. Pictet Asset Management Holding SA grew its stake in 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 purchasing an additional 1,160,690 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Dynatrace by 23.5% during the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after buying an additional 2,191,497 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Dynatrace by 304.7% in the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock valued at $346,044,000 after buying an additional 7,045,591 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Dynatrace by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 6,098,443 shares of the company’s stock valued at $263,631,000 after buying an additional 137,225 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Dynatrace by 706.8% in the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after buying an additional 5,958,505 shares during the last quarter. 94.28% of the stock is 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.