Royal Bank Of Canada Issues Positive Forecast for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its price target increased by Royal Bank Of Canada from $59.00 to $73.00 in a research note released on Monday, Marketbeat reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on DT. Truist Financial lifted their target price on Dynatrace from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Dynatrace in a report on Sunday. Rosenblatt Securities reaffirmed a “buy” rating and set a $52.00 price objective on shares of Dynatrace in a research report on Tuesday, August 4th. Cantor Fitzgerald lifted their price objective on Dynatrace from $37.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group boosted their target price on Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Twenty-four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $58.75.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $65.26 on Monday. The stock has a market capitalization of $18.86 billion, a PE ratio of 130.52, a price-to-earnings-growth ratio of 3.93 and a beta of 0.77. Dynatrace has a 52-week low of $31.64 and a 52-week high of $65.29. The company has a 50-day simple moving average of $53.83 and a two-hundred day simple moving average of $45.01.

Dynatrace (NYSE:DT) last issued 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 net margin of 7.22% and a return on equity of 11.07%. The firm had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s revenue was up 16.3% on a year-over-year basis. 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, equities research analysts forecast that Dynatrace will post 1.10 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the transaction, the executive vice president directly owned 904,846 shares of the company’s stock, 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 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 Trading of Dynatrace

A number of hedge funds have recently bought and sold shares of DT. Argent Capital Management LLC bought a new position in Dynatrace in the 3rd quarter worth $21,868,000. Hsbc Holdings PLC lifted its position in Dynatrace by 12.0% during the fourth quarter. Hsbc Holdings PLC now owns 243,259 shares of the company’s stock valued at $10,568,000 after purchasing an additional 26,129 shares in the last quarter. Wellington Management Group LLP lifted its position in Dynatrace by 23.5% during the second 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 in the last quarter. Eminence Capital LP grew its holdings in Dynatrace by 33.0% during the fourth quarter. Eminence Capital LP now owns 4,527,266 shares of the company’s stock valued at $196,212,000 after purchasing an additional 1,122,855 shares during the period. Finally, Globeflex Capital L P bought a new stake in Dynatrace during the second quarter valued at about $5,717,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company’s products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.