Dynatrace (NYSE:DT) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets raised Dynatrace’s price target to $62 from $60 and maintained an “outperform” rating, implying 16.4% upside. The analyst consensus is “Moderate Buy,” with an average target of $55.50.
• Dynatrace reported quarterly EPS of $0.48, topping estimates of $0.45, while revenue rose 16.3% year over year to $554.55 million, exceeding expectations.
• Institutional ownership is substantial at 94.28%, with several major funds significantly increasing their positions in the company.

Dynatrace (NYSE:DT - Get Free Report) had its price target raised by investment analysts at BMO Capital Markets from $60.00 to $62.00 in a research report issued on Tuesday, MarketBeat.com reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 16.40% from the stock's current price.

Several other analysts have also commented on DT. DA Davidson lifted their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Scotiabank reissued an "outperform" rating and issued a $61.00 target price on shares of Dynatrace in a research report on Thursday, August 6th. Oppenheimer boosted their price target on Dynatrace from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, July 20th. Barclays upped their price target on shares of Dynatrace from $48.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, KeyCorp raised their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Twenty-two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.50.

Dynatrace Stock Up 4.3%

Shares of Dynatrace stock opened at $53.26 on Tuesday. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 106.53, a price-to-earnings-growth ratio of 3.21 and a beta of 0.74. The company's 50 day moving average is $47.92 and its 200 day moving average is $42.10. Dynatrace has a twelve month low of $31.64 and a twelve month high of $54.83.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $554.55 million during 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%. The firm's revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. 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 expect that Dynatrace will post 1.08 EPS for the current fiscal year.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently bought and sold shares of DT. California State Teachers Retirement System lifted its position in Dynatrace by 3,827.2% during the second quarter. California State Teachers Retirement System now owns 13,951,788 shares of the company's stock valued at $612,623,000 after purchasing an additional 13,596,525 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Dynatrace by 304.7% in the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company's stock worth $346,044,000 after buying an additional 7,045,591 shares during the last quarter. First Trust Advisors LP raised its position in shares of Dynatrace by 706.8% during the 1st quarter. First Trust Advisors LP now owns 6,801,507 shares of the company's stock valued at $251,520,000 after buying an additional 5,958,505 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dynatrace during the 1st quarter valued at about $190,890,000. Finally, Amundi lifted its holdings in shares of Dynatrace by 461.5% in the 1st quarter. Amundi now owns 6,238,938 shares of the company's stock valued at $230,716,000 after acquiring an additional 5,127,910 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

About Dynatrace

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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