BTIG Research Forecasts Strong Price Appreciation for Dynatrace (NYSE:DT) Stock

Key Points

• BTIG Research raised Dynatrace’s price target from $62 to $73 and maintained a “buy” rating, implying 14.89% upside from the prior close.
• Analyst sentiment remains positive, with 24 buy ratings and eight holds; the consensus rating is “Moderate Buy” with an average target price of $60.34.
• Dynatrace recently exceeded quarterly expectations, reporting $0.48 EPS versus $0.45 expected and $554.55 million in revenue, up 16.3% year over year.

Dynatrace (NYSE:DT - Get Free Report) had its price target lifted by research analysts at BTIG Research from $62.00 to $73.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. BTIG Research's price objective suggests a potential upside of 14.89% from the stock's previous close.

Other research analysts have also issued research reports about the stock. BMO Capital Markets upped their price objective on shares of Dynatrace from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Tuesday, September 15th. Weiss Ratings upgraded shares of Dynatrace from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, September 16th. DA Davidson lifted their target price on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Barclays boosted their price target on Dynatrace from $60.00 to $71.00 and gave the company an "overweight" rating in a research note on Tuesday, October 13th. Finally, Cantor Fitzgerald boosted their price target on Dynatrace from $37.00 to $47.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average target price of $60.34.

Dynatrace Trading Up 3.2%

DT opened at $63.54 on Wednesday. Dynatrace has a 1-year low of $31.64 and a 1-year high of $66.30. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 127.08, a P/E/G ratio of 3.78 and a beta of 0.77. The business has a 50 day moving average of $55.50 and a 200-day moving average of $46.12.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. Dynatrace's quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last 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. Equities analysts predict that Dynatrace will post 1.11 EPS for the current year.

Insider Activity

In other 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 transaction, the executive vice president directly owned 904,846 shares of the company's stock, valued at approximately $51,766,239.66. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.69% of the company's stock.

Institutional Trading of Dynatrace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DT. Argent Capital Management LLC bought a new position in shares of Dynatrace in the third quarter valued at approximately $21,868,000. Wellington Management Group LLP boosted its holdings in shares of Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company's stock worth $506,229,000 after acquiring an additional 2,191,497 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Dynatrace by 12.0% in the 4th quarter. Hsbc Holdings PLC now owns 243,259 shares of the company's stock worth $10,568,000 after acquiring an additional 26,129 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of Dynatrace in the 2nd quarter worth approximately $5,717,000. Finally, American Capital Management Inc. bought a new stake in Dynatrace during the 1st quarter worth approximately $38,987,000. Institutional investors own 94.28% of the company's stock.

About Dynatrace

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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