Dynatrace (NYSE:DT – Free Report) had its price objective cut by Barclays from $71.00 to $61.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.
A number of other analysts also recently issued reports on DT. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price objective on shares of Dynatrace in a report on Sunday, October 11th. BNP Paribas Exane upgraded Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Thursday, October 8th. KeyCorp upped their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. BTIG Research dropped their target price on Dynatrace from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, DA Davidson raised their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $62.00.
Read Our Latest Analysis on DT
Dynatrace Stock Down 0.6%
DT traded down $0.28 during midday trading on Wednesday, hitting $43.42. The company had a trading volume of 9,776,876 shares, compared to its average volume of 7,832,414. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 80.40, a PEG ratio of 3.38 and a beta of 0.76. Dynatrace has a 52 week low of $31.64 and a 52 week high of $66.30. The stock’s 50 day moving average price is $57.24 and its 200 day moving average price is $44.70.
Dynatrace (NYSE:DT – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $579.92 million for the quarter, compared to the consensus estimate of $568.03 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. Research analysts predict that Dynatrace will post 1.11 EPS for the current year.
Dynatrace announced that its board has authorized a share repurchase plan on Tuesday, November 3rd that permits the company to buy back $1 billion in shares. This repurchase authorization permits the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Insider Buying and Selling at Dynatrace
In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $57.21, for a total value of $2,860,500.00. Following the completion of the transaction, the executive vice president directly owned 904,846 shares of the company’s stock, valued at approximately $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.69% of the company’s stock.
Institutional Investors Weigh In On Dynatrace
A number of large investors have recently modified their holdings of the business. Pictet Asset Management Holding SA increased its stake in Dynatrace by 12.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 14,293,302 shares of the company’s stock worth $825,243,000 after buying an additional 1,531,104 shares during the period. Wellington Management Group LLP grew its stake in shares of Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after purchasing an additional 2,191,497 shares during the last quarter. Bank of America Corp DE increased its stake in 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 during the period. First Trust Advisors LP boosted its holdings 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 purchasing an additional 5,958,505 shares in the last quarter. Finally, Amundi grew its stake in shares of 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 purchasing an additional 5,127,910 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Dynatrace News Summary
Here are the key news stories impacting Dynatrace this week:
- Positive Sentiment: Scotiabank maintained its Buy rating, signaling continued confidence in Dynatrace’s prospects. Scotiabank Sticks to Its Buy Rating for Dynatrace
- Positive Sentiment: Dynatrace’s board declared a share-buyback plan, which could support demand for the stock; the available report does not specify its size. Dynatrace Board Declares Share Buyback Plan
- Neutral Sentiment: Dynatrace is pairing AI security with observability, a strategic move that could open opportunities, though the article headline alone does not establish its likely near-term financial impact. Why Is Dynatrace Pairing AI Security With Observability Now?
- Negative Sentiment: Several analysts lowered price targets, including RBC to $68, Citi to $70, and Wedbush to $50 while retaining a Neutral rating. Although UBS also cut its target—to $75—it kept a Buy rating. Repeated reductions may add pressure despite targets remaining above the recent share price. RBC Cuts Dynatrace Price Target Citi Sets New Price Target Wedbush Trims Price Target
- Negative Sentiment: Commentary points to slower momentum and delayed enterprise deals weighing on the outlook, with Q4 seen as an important test. Shares also crossed below their 200-day moving average, a technical signal that can reinforce bearish sentiment. Dynatrace Q2 Review Delayed Enterprise Deals Weigh on Outlook Stock Crosses Below 200-Day Moving Average
About Dynatrace
Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.
The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.
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