Dynatrace (NYSE:DT) Stock Price Expected to Rise, KeyCorp Analyst Says

Dynatrace (NYSE:DT) had its price objective raised by stock analysts at KeyCorp from $47.00 to $53.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 17.32% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Scotiabank dropped their price objective on Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating for the company in a report on Thursday, May 14th. Morgan Stanley reduced their target price on Dynatrace from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. The Goldman Sachs Group boosted their target price on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Truist Financial upped their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Rosenblatt Securities reduced their price target on shares of Dynatrace from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.08.

Dynatrace Trading Up 0.3%

Dynatrace stock opened at $45.18 on Thursday. Dynatrace has a 12-month low of $31.64 and a 12-month high of $55.49. The firm has a 50-day moving average price of $41.81 and a 200-day moving average price of $39.29. The firm has a market capitalization of $13.11 billion, a PE ratio of 83.66, a price-to-earnings-growth ratio of 2.89 and a beta of 0.73.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The business had revenue of $531.72 million during the quarter, compared to analyst estimates of $521.01 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. As a group, sell-side analysts predict that Dynatrace will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pictet Asset Management Holding SA increased its stake in shares of Dynatrace by 7.9% in the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock worth $584,649,000 after acquiring an additional 1,160,690 shares during the period. State Street Corp raised its stake in shares of Dynatrace by 1.0% during the 4th quarter. State Street Corp now owns 10,664,357 shares of the company’s stock valued at $462,193,000 after buying an additional 101,994 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 during the period. Wellington Management Group LLP lifted its holdings in shares of Dynatrace by 9.0% in the 4th quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock valued at $346,716,000 after buying an additional 659,792 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of 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. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.