Citigroup Raises Dynatrace (NYSE:DT) Price Target to $65.00

Key Points

• Citigroup raised Dynatrace’s price target to $65 from $62 and maintained a “buy” rating, implying approximately 31% upside from the stock’s $49.62 trading price.
• Analyst sentiment remains favorable: 22 analysts rate Dynatrace a Buy and eight rate it Hold, producing a consensus “Moderate Buy” rating and an average price target of $54.54.
• Dynatrace exceeded quarterly expectations, reporting $0.48 earnings per share 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) had its price target raised by research analysts at Citigroup from $62.00 to $65.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 31.01% from the stock's current price.

DT has been the subject of a number of other reports. BTIG Research increased their target price on shares of Dynatrace from $47.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Canaccord Genuity Group upped their price target on Dynatrace from $46.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Rothschild & Co Redburn assumed coverage on Dynatrace in a research note on Thursday, April 23rd. They issued a "neutral" rating and a $40.00 price objective for the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada boosted their target price on Dynatrace from $50.00 to $59.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.54.

Dynatrace Stock Performance

Dynatrace stock traded up $2.00 during midday trading on Tuesday, reaching $49.62. The company's stock had a trading volume of 13,052,488 shares, compared to its average volume of 6,403,745. The firm has a market capitalization of $14.34 billion, a PE ratio of 99.07, a P/E/G ratio of 2.92 and a beta of 0.72. Dynatrace has a fifty-two week low of $31.64 and a fifty-two week high of $53.28. The stock's 50 day simple moving average is $44.24 and its 200 day simple moving average is $39.97.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping 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 analysts' expectations of $550.01 million. During the same period in the prior year, the company posted $0.42 EPS. The business'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. Equities analysts predict that Dynatrace will post 1.14 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA grew its holdings in Dynatrace by 7.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company's stock valued at $584,649,000 after buying an additional 1,160,690 shares during the last quarter. State Street Corp raised its holdings in shares of Dynatrace by 1.0% in the fourth quarter. State Street Corp now owns 10,664,357 shares of the company's stock worth $462,193,000 after acquiring an additional 101,994 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Dynatrace by 304.7% in the first quarter. Bank of America Corp DE now owns 9,357,612 shares of the company's stock valued at $346,044,000 after acquiring an additional 7,045,591 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Dynatrace by 9.0% in the fourth quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company's stock valued at $346,716,000 after acquiring an additional 659,792 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Dynatrace by 706.8% during the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company's stock valued at $251,520,000 after acquiring an additional 5,958,505 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company's engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.

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