Dynatrace (NYSE:DT) Price Target Raised to $55.00 at Jefferies Financial Group

Dynatrace (NYSE:DT) had its price target hoisted by Jefferies Financial Group from $45.00 to $55.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 22.98% from the company’s current price.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group raised their price target on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Morgan Stanley dropped their target price on shares of Dynatrace from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Zacks Research upgraded Dynatrace from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Wolfe Research reissued an “outperform” rating and issued a $42.00 price target on shares of Dynatrace in a research report on Thursday, May 14th. Finally, Barclays reissued an “overweight” rating on shares of Dynatrace in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.27.

Dynatrace Trading Up 0.7%

DT stock opened at $44.72 on Tuesday. The firm has a 50-day moving average of $42.06 and a two-hundred day moving average of $39.30. The firm has a market capitalization of $12.98 billion, a PE ratio of 82.82, a P/E/G ratio of 2.85 and a beta of 0.73. Dynatrace has a one year low of $31.64 and a one year high of $55.49.

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

Institutional Investors Weigh In On Dynatrace

Large investors have recently bought and sold shares of the company. Pictet Asset Management Holding SA boosted its position in shares of Dynatrace by 7.9% during the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock worth $584,649,000 after purchasing an additional 1,160,690 shares in the last quarter. State Street Corp increased its position in shares of Dynatrace by 1.0% in 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 in the last quarter. Bank of America Corp DE increased its position 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. Wellington Management Group LLP raised its stake in Dynatrace by 9.0% during the 4th quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock worth $346,716,000 after buying an additional 659,792 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Dynatrace by 706.8% during the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after acquiring an additional 5,958,505 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

About Dynatrace

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.