Dynatrace (NYSE:DT) Given New $55.00 Price Target at Truist Financial

Dynatrace (NYSE:DT) had its target price increased by Truist Financial from $45.00 to $55.00 in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

DT has been the topic of a number of other reports. Jefferies Financial Group dropped 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. Morgan Stanley reduced their target price on shares of Dynatrace from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Guggenheim cut Dynatrace from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Scotiabank dropped their price target on Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 14th. Finally, BTIG Research cut their price target on Dynatrace from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Twenty-two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.27.

Dynatrace Stock Up 2.9%

Shares of DT stock opened at $45.12 on Thursday. Dynatrace has a 12-month low of $31.64 and a 12-month high of $56.00. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 83.56, a price-to-earnings-growth ratio of 2.81 and a beta of 0.73. The firm has a fifty day moving average of $41.23 and a 200-day moving average of $39.27.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $531.72 million for the quarter, compared to analyst estimates of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. Research analysts expect that Dynatrace will post 1.12 earnings per share for the current year.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors have recently added to or reduced their stakes in DT. Forsta AP Fonden lifted its position in shares of Dynatrace by 60.4% in the fourth quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock valued at $8,685,000 after buying an additional 75,500 shares during the last quarter. UNIVEST FINANCIAL Corp acquired a new position in shares of Dynatrace during the 4th quarter worth approximately $1,212,000. LBP AM SA increased its holdings in shares of Dynatrace by 9.8% during the 4th quarter. LBP AM SA now owns 776,955 shares of the company’s stock worth $33,673,000 after acquiring an additional 69,318 shares during the last quarter. Temasek Holdings Private Ltd raised its stake in Dynatrace by 125.1% in the 3rd quarter. Temasek Holdings Private Ltd now owns 1,989,098 shares of the company’s stock valued at $96,372,000 after acquiring an additional 1,105,508 shares during the period. Finally, AXQ Capital LP raised its stake in Dynatrace by 651.7% in the 4th quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock valued at $1,497,000 after acquiring an additional 29,952 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

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.