Dynatrace (NYSE:DT) Stock Rating Upgraded by Wedbush

Key Points

• Wedbush upgraded Dynatrace to a “hold” rating, while analyst sentiment remains broadly positive with a consensus “Moderate Buy” rating and $55.04 average price target.
• Dynatrace exceeded quarterly expectations, reporting $0.48 EPS versus $0.45 expected and $554.55 million in revenue, up 16.3% year over year.
• The stock opened at $51.09, near its 12-month high of $54.83, with a $14.77 billion market capitalization; institutional investors own approximately 94.28% of outstanding shares.

Dynatrace (NYSE:DT - Get Free Report) was upgraded by equities research analysts at Wedbush to a "hold" rating in a research report issued on Thursday, Zacks reports.

Several other research firms have also weighed in on DT. Royal Bank Of Canada increased their price target on Dynatrace from $50.00 to $59.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. William Blair started coverage on shares of Dynatrace in a research report on Thursday, May 21st. They set an "outperform" rating on the stock. Guggenheim downgraded shares of Dynatrace from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 13th. Morgan Stanley upgraded shares of Dynatrace from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $58.00 to $65.00 in a report on Tuesday, August 25th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a report on Wednesday, August 5th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.04.

Dynatrace Stock Down 0.6%

Dynatrace stock opened at $51.09 on Thursday. The company's 50-day moving average price is $47.77 and its 200-day moving average price is $41.91. The company has a market cap of $14.77 billion, a PE ratio of 102.19, a price-to-earnings-growth ratio of 3.14 and a beta of 0.74. Dynatrace has a twelve month low of $31.64 and a twelve month high of $54.83.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $554.55 million during 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 quarter last year, the business 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. As a group, sell-side analysts expect that Dynatrace will post 1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. RHL Group LLC purchased a new stake in Dynatrace during the fourth quarter worth $30,000. CX Institutional increased its holdings in shares of Dynatrace by 1,119.0% in the 2nd quarter. CX Institutional now owns 707 shares of the company's stock valued at $31,000 after acquiring an additional 649 shares during the period. Brown Lisle Cummings Inc. increased its holdings in shares of Dynatrace by 218.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company's stock valued at $29,000 after acquiring an additional 547 shares during the period. Larson Financial Group LLC raised its position in shares of Dynatrace by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company's stock worth $35,000 after acquiring an additional 508 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Dynatrace by 577.2% during the 1st 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. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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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