Dynatrace (NYSE:DT) Hits New 52-Week High on Analyst Upgrade

Key Points

• Dynatrace shares reached a new 52-week high of $54.99 after BMO Capital Markets raised its price target from $60 to $62 and maintained an “outperform” rating.
• Analyst sentiment remains broadly positive, with 22 Buy ratings and eight Holds; MarketBeat’s consensus is “Moderate Buy” with an average price target of $55.50.
• Dynatrace beat quarterly expectations, reporting $0.48 in adjusted earnings per share versus estimates of $0.45 and revenue of $554.55 million, up 16.3% year over year.

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday after BMO Capital Markets raised their price target on the stock from $60.00 to $62.00. BMO Capital Markets currently has an outperform rating on the stock. Dynatrace traded as high as $54.99 and last traded at $55.1050, with a volume of 1954735 shares changing hands. The stock had previously closed at $53.34.

A number of other research firms have also recently commented on DT. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Thursday, June 25th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research report on Wednesday, August 5th. William Blair began coverage on Dynatrace in a research note on Thursday, May 21st. They set an "outperform" rating on the stock. KeyCorp boosted their price target on Dynatrace from $53.00 to $61.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Finally, Wedbush cut Dynatrace from an "outperform" rating to a "neutral" rating and set a $54.00 price target for the company. in a research note on Thursday. Twenty-two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $55.50.

Institutional Trading of Dynatrace

Several large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its stake in Dynatrace by 25.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 100,563 shares of the company's stock valued at $4,416,000 after purchasing an additional 20,222 shares during the period. Tidal Investments LLC raised its holdings in shares of Dynatrace by 8.6% during 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 during the last quarter. Engineers Gate Manager LP boosted its position in Dynatrace by 709.8% during the 2nd quarter. Engineers Gate Manager LP now owns 365,333 shares of the company's stock worth $16,042,000 after acquiring an additional 320,219 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Dynatrace in the second quarter worth $292,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Dynatrace by 116.4% during the second quarter. NewEdge Advisors LLC now owns 31,127 shares of the company's stock valued at $1,367,000 after purchasing an additional 16,746 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

The business has a fifty day moving average price of $47.92 and a 200 day moving average price of $42.10. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 110.19, a price-to-earnings-growth ratio of 3.21 and a beta of 0.74.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company had revenue of $554.55 million during the quarter, compared to analyst estimates of $550.01 million. During the same quarter last year, the firm 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. Research analysts anticipate that Dynatrace, Inc. will post 1.08 earnings per share for the current year.

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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