Dynatrace (NYSE:DT) Given New $70.00 Price Target at Truist Financial

by · The Markets Daily

Dynatrace (NYSE:DT – Get Free Report) had its price target raised by investment analysts at Truist Financial from $60.00 to $70.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 8.86% from the stock’s previous close.

DT has been the subject of several other research reports. Cantor Fitzgerald raised their price objective on Dynatrace from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 price target on shares of Dynatrace in a research note on Sunday, October 11th. BTIG Research increased their price target on shares of Dynatrace from $62.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price target on shares of Dynatrace from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets boosted their price objective on shares of Dynatrace from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.69.

Read Our Latest Stock Report on Dynatrace

Dynatrace Price Performance

Shares of NYSE:DT opened at $64.30 on Wednesday. The company has a market capitalization of $18.58 billion, a PE ratio of 127.08, a price-to-earnings-growth ratio of 3.78 and a beta of 0.77. The business has a fifty day moving average price of $55.50 and a two-hundred day moving average price of $46.12. Dynatrace has a 1 year low of $31.64 and a 1 year high of $66.30.

Dynatrace (NYSE:DT – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. Sell-side analysts anticipate that Dynatrace will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the sale, the executive vice president directly owned 904,846 shares in the company, valued at approximately $51,766,239.66. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pictet Asset Management Holding SA increased its position in shares of Dynatrace by 7.9% during the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after acquiring an additional 1,160,690 shares in the last quarter. Wellington Management Group LLP lifted its position in Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after acquiring an additional 2,191,497 shares in the last quarter. Bank of America Corp DE lifted its position in Dynatrace by 304.7% in the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock valued at $346,044,000 after acquiring an additional 7,045,591 shares in the last quarter. First Trust Advisors LP lifted its position in Dynatrace by 706.8% in the 1st quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock valued at $251,520,000 after acquiring an additional 5,958,505 shares in the last quarter. Finally, Amundi boosted its stake in Dynatrace by 461.5% during the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock valued at $230,716,000 after purchasing an additional 5,127,910 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

About Dynatrace

(Get Free Report)

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.

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