Dynatrace (NYSE:DT) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Dynatrace shares rose 3.5% to about $48.41 as trading volume reached 9.56 million shares, roughly 50% above the prior session.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and a $53.96 price target; Truist raised its target to $60.
• Dynatrace exceeded quarterly expectations with $0.48 in EPS and $554.55 million in revenue, up 16.3% year over year. Institutional investors own 94.28% of the company’s shares.

Dynatrace, Inc. (NYSE:DT - Get Free Report) saw strong trading volume on Tuesday . 9,555,595 shares traded hands during mid-day trading, an increase of 50% from the previous session's volume of 6,376,856 shares.The stock last traded at $48.4080 and had previously closed at $47.61.

Analyst Ratings Changes

Several brokerages recently commented on DT. Rosenblatt Securities reiterated a "buy" rating and set a $52.00 target price on shares of Dynatrace in a report on Tuesday, August 4th. Truist Financial increased their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Friday. Wolfe Research reiterated an "outperform" rating and set a $42.00 price objective on shares of Dynatrace in a research note on Thursday, May 14th. William Blair initiated coverage on shares of Dynatrace in a research report on Thursday, May 21st. They set an "outperform" rating on the stock. Finally, BMO Capital Markets restated an "outperform" rating on shares of Dynatrace in a research note on Thursday, August 6th. Twenty-two 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, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.96.

Dynatrace Stock Up 3.5%

The firm's 50 day moving average is $44.24 and its two-hundred day moving average is $39.97. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 98.27, a price-to-earnings-growth ratio of 2.92 and a beta of 0.72.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The company had revenue of $554.55 million during the quarter, compared to the consensus estimate of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.Dynatrace's quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, analysts anticipate that Dynatrace, Inc. will post 1.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Dynatrace

Hedge funds have recently added to or reduced their stakes in the stock. RHL Group LLC bought a new position in shares of Dynatrace during the fourth quarter worth about $30,000. CX Institutional boosted its stake in Dynatrace by 1,119.0% during the 2nd quarter. CX Institutional now owns 707 shares of the company's stock valued at $31,000 after purchasing an additional 649 shares during the period. Brown Lisle Cummings Inc. grew its position in Dynatrace by 218.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company's stock worth $29,000 after purchasing an additional 547 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Dynatrace by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company's stock valued at $35,000 after purchasing an additional 508 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Dynatrace by 577.2% during the first quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company's stock valued at $55,000 after buying an additional 1,264 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

About Dynatrace

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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