Dynatrace (NYSE:DT) Given New $73.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Dynatrace’s price target to $73 from $59 and maintained an “outperform” rating, implying 12.92% upside from the prior close. Analysts overall rate the stock “Moderate Buy,” with an average target of $58.75.
• Dynatrace reported quarterly earnings of $0.48 per share, exceeding estimates by $0.03, while revenue rose 16.3% year over year to $554.55 million.
• The stock opened at $64.64, near its 52-week high of $64.15, and has climbed above its 50-day and 200-day moving averages. Institutional investors own 94.28% of the company, while an executive recently sold 50,000 shares under a pre-arranged trading plan.

Dynatrace (NYSE:DT - Get Free Report) had its price objective raised by investment analysts at Royal Bank Of Canada from $59.00 to $73.00 in a report released on Monday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 12.92% from the company's previous close.

A number of other equities analysts also recently commented on the company. The Goldman Sachs Group raised 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. BTIG Research reissued a "buy" rating and set a $62.00 target price on shares of Dynatrace in a research report on Tuesday, September 15th. Scotiabank reissued an "outperform" rating and set a $61.00 target price on shares of Dynatrace in a research report on Thursday, August 6th. Truist Financial raised their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company a "buy" rating in a report on Friday, August 14th. Finally, Cantor Fitzgerald lifted their price target on shares of Dynatrace from $37.00 to $47.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Twenty-four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $58.75.

Dynatrace Stock Up 1.8%

DT stock opened at $64.64 on Monday. The company has a market cap of $18.68 billion, a price-to-earnings ratio of 129.76, a PEG ratio of 3.93 and a beta of 0.77. The business has a fifty day simple moving average of $53.42 and a 200-day simple moving average of $44.81. Dynatrace has a 52 week low of $31.64 and a 52 week high of $64.15.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%. The firm had revenue of $554.55 million for the quarter, compared to analysts' expectations of $550.01 million. During the same quarter last year, the firm earned $0.42 earnings per share. The firm's revenue for the quarter was up 16.3% compared to the same quarter last year. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. As a group, analysts expect that Dynatrace will post 1.10 earnings per share for the current fiscal year.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.69% of the company's stock.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Lisle Cummings Inc. increased its position in shares of 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 purchasing an additional 547 shares during the last quarter. CX Institutional lifted its position in shares of Dynatrace by 1,119.0% during the second quarter. CX Institutional now owns 707 shares of the company's stock worth $31,000 after purchasing an additional 649 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in shares of Dynatrace by 37.8% during the third quarter. Elevation Wealth Partners LLC now owns 929 shares of the company's stock worth $54,000 after purchasing an additional 255 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Dynatrace by 577.2% during the first quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company's stock worth $55,000 after purchasing an additional 1,264 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Dynatrace by 115.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the company's stock worth $56,000 after purchasing an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company's products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.

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