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

Key Points

• Rosenblatt Securities raised Dynatrace’s price target from $62 to $70 and maintained a “buy” rating, implying 11.4% upside from the prior close.
• Analyst sentiment is broadly positive: 24 analysts rate Dynatrace a Buy and eight rate it a Hold, producing a “Moderate Buy” consensus and an average target price of $63.34.
• Dynatrace recently exceeded quarterly expectations, reporting $0.48 in EPS versus $0.45 expected and $554.55 million in revenue, up 16.3% year over year.

Dynatrace (NYSE:DT - Get Free Report) had its price objective boosted by analysts at Rosenblatt Securities from $62.00 to $70.00 in a report released on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. Rosenblatt Securities's price objective would indicate a potential upside of 11.40% from the company's previous close.

Several other equities research analysts have also weighed in on DT. Barclays lifted their price objective on Dynatrace from $60.00 to $71.00 and gave the stock an "overweight" rating in a report on Tuesday, October 13th. BMO Capital Markets upped their price objective on shares of Dynatrace from $60.00 to $62.00 and gave the company an "outperform" rating in a report on Tuesday, September 15th. BTIG Research increased their target price on shares of Dynatrace from $62.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, October 21st. Wells Fargo & Company lifted their target price on shares of Dynatrace from $60.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, KeyCorp lifted their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $63.34.

Dynatrace Stock Down 1.4%

DT opened at $62.84 on Thursday. Dynatrace has a twelve month low of $31.64 and a twelve month high of $66.30. The company's 50-day moving average price is $57.20 and its two-hundred day moving average price is $44.35. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of 125.68, a PEG ratio of 3.94 and a beta of 0.77.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (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 net margin of 7.22% and a return on equity of 11.07%. Dynatrace's quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, sell-side analysts anticipate that Dynatrace will post 1.11 earnings per share for the current year.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of $57.21, for a total value of $2,860,500.00. Following the transaction, the executive vice president owned 904,846 shares of the company's stock, valued at $51,766,239.66. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.69% of the company's stock.

Institutional Investors Weigh In On Dynatrace

A number of large investors have recently added to or reduced their stakes in DT. Wellington Management Group LLP increased its stake in shares of Dynatrace by 23.5% in the second quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company's stock worth $506,229,000 after buying an additional 2,191,497 shares during the period. Bank of America Corp DE raised its holdings in Dynatrace by 304.7% during the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company's stock valued at $346,044,000 after buying an additional 7,045,591 shares during the last quarter. First Trust Advisors LP boosted its position in 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 during the period. Amundi boosted its position in Dynatrace by 461.5% during the 1st quarter. Amundi now owns 6,238,938 shares of the company's stock valued at $230,716,000 after buying an additional 5,127,910 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Dynatrace during the 1st quarter valued at $190,890,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Company Profile

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company's products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.

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