Dynatrace (NYSE:DT) Reaches New 52-Week High After Analyst Upgrade

Key Points

• Dynatrace shares reached a new 52-week high after UBS raised its price target from $65 to $74 and maintained a buy rating. The stock climbed as high as $59.42.
• Analyst sentiment remains favorable, with 23 buy ratings and seven holds; MarketBeat reports a “Moderate Buy” consensus and an average price target of $56.89.
• Dynatrace exceeded quarterly expectations, reporting $0.48 in EPS versus $0.45 expected and $554.55 million in revenue, up 16.3% year over year. An executive later sold 50,000 shares under a pre-arranged trading plan.

Dynatrace, Inc. (NYSE:DT - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday after UBS Group raised their price target on the stock from $65.00 to $74.00. UBS Group currently has a buy rating on the stock. Dynatrace traded as high as $59.42 and last traded at $59.1980, with a volume of 3688388 shares. The stock had previously closed at $57.74.

A number of other analysts have also recently issued reports on DT. Rosenblatt Securities reaffirmed a "buy" rating and issued a $52.00 price objective on shares of Dynatrace in a research report on Tuesday, August 4th. Scotiabank reaffirmed an "outperform" rating and set a $61.00 price target on shares of Dynatrace in a report on Thursday, August 6th. Morgan Stanley upgraded shares of Dynatrace from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $58.00 to $65.00 in a report on Tuesday, August 25th. Needham & Company LLC raised shares of Dynatrace from a "hold" rating to a "buy" rating and set a $68.00 price objective on the stock in a research report on Friday, September 18th. Finally, Canaccord Genuity Group increased their price target on shares of Dynatrace from $46.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.89.

Insider Buying and Selling

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional lifted its position in shares of Dynatrace by 1,119.0% during the 2nd quarter. CX Institutional now owns 707 shares of the company's stock worth $31,000 after buying an additional 649 shares during the last quarter. Brown Lisle Cummings Inc. lifted its holdings in shares of Dynatrace by 218.8% in the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company's stock worth $29,000 after acquiring an additional 547 shares during the last quarter. SJS Investment Consulting Inc. increased its position in Dynatrace by 577.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company's stock worth $55,000 after purchasing an additional 1,264 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Dynatrace by 115.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the company's stock valued at $56,000 after purchasing an additional 811 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Dynatrace in the fourth quarter valued at approximately $81,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

The business's 50-day simple moving average is $50.97 and its two-hundred day simple moving average is $43.75. The stock has a market cap of $17.11 billion, a price-to-earnings ratio of 118.40, a price-to-earnings-growth ratio of 3.56 and a beta of 0.74.

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 analysts' consensus estimates of $0.45 by $0.03. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company had revenue of $554.55 million during the quarter, compared to analysts' expectations of $550.01 million. During the same period in the prior year, the company earned $0.42 EPS. Dynatrace's revenue was up 16.3% compared to the same quarter last year. 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 research analysts forecast that Dynatrace, Inc. will post 1.1 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 complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company's products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.

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