Dynatrace (NYSE:DT) Price Target Lowered to $60.00 at Guggenheim
by Michael Walen · The Markets DailyDynatrace (NYSE:DT – Get Free Report) had its price target cut by equities researchers at Guggenheim from $68.00 to $60.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective indicates a potential upside of 65.21% from the stock’s current price.
DT has been the subject of several other reports. Stifel Nicolaus set a $51.00 target price on shares of Dynatrace in a research note on Monday, February 9th. TD Cowen decreased their target price on shares of Dynatrace from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Morgan Stanley decreased their target price on shares of Dynatrace from $57.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 10th. Keefe, Bruyette & Woods upgraded shares of Dynatrace to a “buy” rating in a research note on Monday, February 9th. Finally, Citigroup decreased their target price on shares of Dynatrace from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.80.
View Our Latest Report on Dynatrace
Dynatrace Trading Up 1.7%
NYSE DT traded up $0.60 on Wednesday, hitting $36.32. 2,460,392 shares of the company’s stock traded hands, compared to its average volume of 6,771,784. Dynatrace has a 1-year low of $31.64 and a 1-year high of $57.55. The firm’s 50-day moving average price is $36.76 and its two-hundred day moving average price is $41.62. The firm has a market capitalization of $10.83 billion, a PE ratio of 59.39, a P/E/G ratio of 2.33 and a beta of 0.79.
Dynatrace (NYSE:DT – Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Dynatrace had a net margin of 9.55% and a return on equity of 9.75%. The business had revenue of $515.47 million during the quarter, compared to analysts’ expectations of $506.31 million. During the same period in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. Dynatrace has set its FY 2026 guidance at 1.670-1.690 EPS and its Q4 2026 guidance at 0.380-0.390 EPS. On average, research analysts anticipate that Dynatrace will post 0.88 earnings per share for the current fiscal year.
Dynatrace announced that its Board of Directors has approved a stock repurchase program on Monday, February 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 9.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Insider Buying and Selling
In related news, EVP Stephen A. Mcmahon purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average price of $35.75 per share, with a total value of $107,250.00. Following the acquisition, the executive vice president owned 3,454 shares in the company, valued at $123,480.50. The trade was a 660.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.57% of the company’s stock.
Institutional Investors Weigh In On Dynatrace
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC increased its holdings in Dynatrace by 561.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock worth $28,000 after acquiring an additional 494 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Dynatrace in the 4th quarter worth $26,000. RHL Group LLC purchased a new stake in Dynatrace in the 4th quarter worth $30,000. Hazlett Burt & Watson Inc. purchased a new stake in Dynatrace in the 3rd quarter worth $37,000. Finally, Brown Lisle Cummings Inc. increased its holdings in Dynatrace by 218.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock worth $29,000 after acquiring an additional 547 shares in the last quarter. Hedge funds and other 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.