Dynatrace (NYSE:DT) Hits New 12-Month High Following Analyst Upgrade

Dynatrace, Inc. (NYSE:DT)’s stock price hit a new 52-week high during trading on Tuesday after Barclays raised their price target on the stock from $60.00 to $71.00. Barclays currently has an overweight rating on the stock. Dynatrace traded as high as $65.29 and last traded at $65.26, with a volume of 8,287,485 shares changing hands. The stock had previously closed at $63.50.

A number of other analysts have also issued reports on DT. Cantor Fitzgerald boosted their target price on shares of Dynatrace from $37.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. DA Davidson increased their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Dynatrace from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Scotiabank restated an “outperform” rating and set a $61.00 target price on shares of Dynatrace in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Twenty-four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.14.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $57.21, for a total value of $2,860,500.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynatrace

Several institutional investors have recently made changes to their positions in DT. CX Institutional grew its position in shares of Dynatrace by 1,119.0% in the second quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after purchasing an additional 649 shares during the period. Brown Lisle Cummings Inc. grew its position in shares of Dynatrace by 218.8% in the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after purchasing an additional 547 shares during the period. Elevation Wealth Partners LLC increased its stake in shares of Dynatrace by 37.8% during the third quarter. Elevation Wealth Partners LLC now owns 929 shares of the company’s stock worth $54,000 after purchasing an additional 255 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Dynatrace by 577.2% during the first quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company’s stock worth $55,000 after purchasing an additional 1,264 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Dynatrace by 115.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the company’s stock worth $56,000 after purchasing an additional 811 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Down 1.3%

The firm’s 50-day moving average is $54.46 and its two-hundred day moving average is $45.40. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 65.79, a P/E/G ratio of 3.96 and a beta of 0.77.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $550.01 million. During the same period last year, the company posted $0.42 EPS. Dynatrace’s quarterly revenue 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. On average, analysts predict that Dynatrace, Inc. will post 1.11 earnings per share for the current year.

About Dynatrace

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.