Dynatrace (NYSE:DT) Price Target Raised to $60.00 at DA Davidson

Dynatrace (NYSE:DT) had its target price raised by DA Davidson from $45.00 to $60.00 in a research note published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

DT has been the subject of several other reports. The Goldman Sachs Group boosted their price objective on Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Rosenblatt Securities lowered their price target on shares of Dynatrace from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, May 1st. BTIG Research dropped their price target on shares of Dynatrace from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Jefferies Financial Group cut their price objective on shares of Dynatrace from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.85.

Dynatrace Trading Up 0.3%

Shares of NYSE DT opened at $45.18 on Wednesday. Dynatrace has a 1-year low of $31.64 and a 1-year high of $55.49. The company has a market cap of $13.11 billion, a PE ratio of 83.66, a P/E/G ratio of 2.89 and a beta of 0.73. The company has a 50-day moving average of $41.81 and a two-hundred day moving average of $39.29.

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

Hedge Funds Weigh In On Dynatrace

A number of large investors have recently added to or reduced their stakes in DT. Pictet Asset Management Holding SA raised its position in Dynatrace by 7.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after buying an additional 1,160,690 shares during the last quarter. State Street Corp grew its stake in shares of Dynatrace by 1.0% during the 4th quarter. State Street Corp now owns 10,664,357 shares of the company’s stock worth $462,193,000 after acquiring an additional 101,994 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Dynatrace by 304.7% during the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock worth $346,044,000 after acquiring an additional 7,045,591 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Dynatrace by 9.0% in the fourth quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock worth $346,716,000 after purchasing an additional 659,792 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Dynatrace by 706.8% in the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after purchasing 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.