Wedbush Upgrades Dynatrace (NYSE:DT) to “Hold”

Dynatrace (NYSE:DT) was upgraded by investment analysts at Wedbush to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Several other research firms also recently weighed in on DT. Weiss Ratings upgraded shares of Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Wolfe Research reaffirmed an “outperform” rating and set a $42.00 price target on shares of Dynatrace in a research report on Thursday, May 14th. KeyCorp raised their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Royal Bank Of Canada lifted their price target on shares of Dynatrace from $50.00 to $59.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, UBS Group restated a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a research note on Monday, August 24th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $55.04.

Dynatrace Stock Performance

NYSE DT opened at $51.09 on Thursday. Dynatrace has a fifty-two week low of $31.64 and a fifty-two week high of $54.83. The firm’s fifty day moving average price is $47.77 and its two-hundred day moving average price is $41.91. The stock has a market cap of $14.77 billion, a PE ratio of 102.19, a PEG ratio of 3.14 and a beta of 0.74.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The business had revenue of $554.55 million during the quarter, compared to analyst estimates of $550.01 million. During the same period last year, the company earned $0.42 EPS. Dynatrace’s revenue for the quarter 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. As a group, sell-side analysts predict that Dynatrace will post 1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DT. NewEdge Advisors LLC grew its holdings in shares of Dynatrace by 25.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock valued at $431,000 after purchasing an additional 1,846 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Dynatrace by 19.2% during the first quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock valued at $102,000 after buying an additional 348 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dynatrace by 21.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after buying an additional 272 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Dynatrace by 38.9% in the second quarter. Invesco Ltd. now owns 793,630 shares of the company’s stock worth $43,816,000 after buying an additional 222,395 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Dynatrace in the 2nd quarter valued at about $410,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.