Dynatrace (NYSE:DT) Stock Gets Price Target Trim from Needham & Company LLC

Dynatrace (NYSE:DT) had its target price trimmed by Needham & Company LLC from $68.00 to $65.00 in a research report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

DT has been the subject of a number of other research reports. Truist Financial increased their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. DA Davidson raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. UBS Group boosted their price objective on shares of Dynatrace from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. BTIG Research lowered their target price on shares of Dynatrace from $73.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Royal Bank Of Canada upped their target price on shares of Dynatrace from $59.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Dynatrace Trading Down 6.5%

NYSE:DT opened at $43.76 on Tuesday. The stock has a fifty day moving average price of $57.45 and a two-hundred day moving average price of $44.68. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 81.03, a PEG ratio of 2.87 and a beta of 0.76. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.21 and a current ratio of 2.09. Dynatrace has a 1 year low of $31.64 and a 1 year high of $66.30.

Dynatrace (NYSE:DT) last released its earnings results on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $579.92 million during the quarter, compared to the consensus estimate of $568.03 million. Dynatrace had a return on equity of 12.73% and a net margin of 7.42%. Dynatrace’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. As a group, sell-side analysts anticipate that Dynatrace will post 1.11 earnings per share for the current fiscal year.

Dynatrace declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 3rd that permits the company to repurchase $1 billion in shares. This buyback authorization permits the company to reacquire up to 6.3% of its shares through open market purchases. Share buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s 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 sale, the executive vice president directly owned 904,846 shares in the company, valued at approximately $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DT. Apollon Wealth Management LLC boosted its position in shares of Dynatrace by 2.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 6,277 shares of the company’s stock worth $362,000 after buying an additional 174 shares in the last quarter. Cooper Financial Group increased its holdings in Dynatrace by 1.4% during the 3rd quarter. Cooper Financial Group now owns 13,354 shares of the company’s stock valued at $771,000 after acquiring an additional 179 shares in the last quarter. North Dakota State Investment Board increased its holdings in Dynatrace by 2.9% during the 3rd quarter. North Dakota State Investment Board now owns 8,985 shares of the company’s stock valued at $519,000 after acquiring an additional 252 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in Dynatrace by 37.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 929 shares of the company’s stock valued at $54,000 after acquiring an additional 255 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in Dynatrace by 2.8% during the third quarter. Versant Capital Management Inc now owns 11,694 shares of the company’s stock worth $675,000 after acquiring an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Key Stories Impacting Dynatrace

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: The board authorized a $1 billion share repurchase program, allowing buybacks of up to 6.3% of outstanding shares. Repurchases can signal management sees value in the stock and may support per-share results. Dynatrace buyback announcement
• Positive Sentiment: Dynatrace beat quarterly estimates, reporting EPS of $0.54 versus $0.49 expected and revenue of about $580 million versus roughly $568 million expected. Dynatrace earnings beat and outlook
• Neutral Sentiment: Analysts lowered price targets, but several maintained positive ratings: RBC cut its target to $68 and Citi to $70, while retaining “outperform” and “buy” ratings, respectively. RBC price target change Citi price target change
• Negative Sentiment: The earnings beat was overshadowed by a reduced profit outlook, with acquisition-related impacts weighing on expected profitability and cash flow. Commentary also cited delayed enterprise deals and slower momentum, raising concern about near-term growth; one analyst described the next quarter as a key test. Delayed enterprise deals weigh on outlook Dynatrace Q2 review
• Negative Sentiment: Multiple firms cut their price targets, including Wedbush to $50 and BMO to $60. While many retained favorable ratings, the breadth of revisions reflects lower near-term expectations and adds pressure to sentiment. Wedbush target cut BMO target cut

Dynatrace Company Profile

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.