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

Key Points

• Oppenheimer raised Dynatrace’s price target to $71 from $60 and maintained an “outperform” rating, implying approximately 21% upside from the reported $58.57 share price.
• Analyst sentiment remains favorable: 23 analysts rate Dynatrace a Buy and seven a Hold, producing a “Moderate Buy” consensus and an average target of $56.67.
• Dynatrace recently beat quarterly expectations, reporting $0.48 in EPS versus $0.45 expected and $554.55 million in revenue, up 16.3% year over year; institutional investors own 94.28% of the stock.

Dynatrace (NYSE:DT - Get Free Report) had its price target upped by analysts at Oppenheimer from $60.00 to $71.00 in a research note issued to investors on Thursday, Briefing.com reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's target price would suggest a potential upside of 21.23% from the company's current price.

DT has been the topic of several other reports. Royal Bank Of Canada raised their target price on Dynatrace from $50.00 to $59.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. DA Davidson increased their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Rosenblatt Securities reissued a "buy" rating and set a $52.00 price target on shares of Dynatrace in a report on Tuesday, August 4th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Dynatrace from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, September 16th. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.67.

Dynatrace Stock Up 2.4%

Dynatrace stock opened at $58.57 on Thursday. The firm has a 50-day moving average price of $49.54 and a two-hundred day moving average price of $43.05. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 117.13, a PEG ratio of 3.52 and a beta of 0.74. Dynatrace has a 52-week low of $31.64 and a 52-week high of $59.31.

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

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $57.21, for a total value 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. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

Several large investors have recently made changes to their positions in DT. QRG Capital Management Inc. boosted its holdings in Dynatrace by 13.8% during the second quarter. QRG Capital Management Inc. now owns 23,178 shares of the company's stock worth $1,018,000 after buying an additional 2,803 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Dynatrace by 25.2% in the second quarter. Sequoia Financial Advisors LLC now owns 100,563 shares of the company's stock valued at $4,416,000 after buying an additional 20,222 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Dynatrace by 8.6% in the second quarter. Tidal Investments LLC now owns 65,002 shares of the company's stock valued at $2,854,000 after buying an additional 5,136 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of Dynatrace by 709.8% during the 2nd quarter. Engineers Gate Manager LP now owns 365,333 shares of the company's stock valued at $16,042,000 after acquiring an additional 320,219 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Dynatrace during the 2nd quarter valued at $292,000. 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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