Dynatrace (NYSE:DT) Receives "Buy" Rating from BTIG Research

Key Points

• BTIG Research reissued a “buy” rating on Dynatrace and set a $62 price target, implying approximately 16.4% upside from the prior close.
• Analyst sentiment remains broadly positive, with 22 buy ratings and eight holds, producing a consensus “Moderate Buy” rating and an average price target of $55.04.
• Dynatrace recently exceeded quarterly expectations, reporting $0.48 in EPS and $554.55 million in revenue, with revenue up 16.3% year over year; institutional investors own 94.28% of the stock.

Dynatrace (NYSE:DT - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at BTIG Research in a report issued on Tuesday, Benzinga reports. They presently have a $62.00 price target on the stock. BTIG Research's target price suggests a potential upside of 16.40% from the stock's previous close.

DT has been the topic of several other research reports. Weiss Ratings upgraded Dynatrace from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 9th. TD Cowen boosted their price target on Dynatrace from $45.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Zacks Research downgraded Dynatrace from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. KeyCorp upped their price target on Dynatrace from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald raised their price objective on Dynatrace from $37.00 to $47.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Twenty-two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.04.

Dynatrace Price Performance

Shares of DT stock opened at $53.26 on Tuesday. The firm has a market cap of $15.39 billion, a P/E ratio of 106.53, a P/E/G ratio of 3.21 and a beta of 0.74. Dynatrace has a 1-year low of $31.64 and a 1-year high of $54.83. The firm has a fifty day moving average of $47.92 and a two-hundred day moving average of $42.10.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The business had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. During the same quarter in the prior year, the business posted $0.42 EPS. The company's revenue for the quarter was up 16.3% on a year-over-year basis. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. On average, sell-side analysts expect that Dynatrace will post 1.08 EPS for the current year.

Institutional Trading of Dynatrace

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its position in Dynatrace by 25.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 100,563 shares of the company's stock valued at $4,416,000 after purchasing an additional 20,222 shares during the period. Tidal Investments LLC increased its position in Dynatrace by 8.6% in the second quarter. Tidal Investments LLC now owns 65,002 shares of the company's stock worth $2,854,000 after buying an additional 5,136 shares during the period. Engineers Gate Manager LP lifted its stake in Dynatrace by 709.8% in the second quarter. Engineers Gate Manager LP now owns 365,333 shares of the company's stock valued at $16,042,000 after buying an additional 320,219 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Dynatrace in the second quarter valued at $292,000. Finally, NewEdge Advisors LLC lifted its stake in Dynatrace by 116.4% in the second quarter. NewEdge Advisors LLC now owns 31,127 shares of the company's stock valued at $1,367,000 after buying an additional 16,746 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating cloud, hybrid, and multicloud environments. Its platform is designed to help businesses monitor the performance, availability, and security of applications, infrastructure, networks, and user experiences from a unified environment.

The company's offerings include application performance monitoring, infrastructure and cloud monitoring, log and analytics capabilities, digital experience monitoring, application security, and software delivery insights.

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