Dynatrace (NYSE:DT) Sets New 52-Week High Following Analyst Upgrade

Key Points

• Dynatrace shares reached a new 52-week high after Needham & Company upgraded the stock from Hold to Buy and set a $68 price target. The stock traded as high as $57.23.
• Analyst sentiment is broadly positive: 23 analysts rate Dynatrace a Buy and seven rate it a Hold, producing a consensus rating of Moderate Buy and an average price target of $56.07.
• Dynatrace reported quarterly EPS of $0.48, exceeding estimates by $0.03, while revenue rose 16.3% year over year to $554.55 million. Institutional investors own 94.28% of the company.

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Needham & Company LLC upgraded the stock from a hold rating to a buy rating. Needham & Company LLC now has a $68.00 price target on the stock. Dynatrace traded as high as $57.23 and last traded at $55.5260, with a volume of 11514070 shares changing hands. The stock had previously closed at $55.14.

Other equities research analysts have also issued reports about the company. Weiss Ratings raised Dynatrace from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday. William Blair assumed coverage on shares of Dynatrace in a report on Thursday, May 21st. They set an "outperform" rating for the company. UBS Group reaffirmed a "buy" rating on shares of Dynatrace in a research report on Tuesday, September 15th. TD Cowen increased their price objective on Dynatrace from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group upped their price target on shares of Dynatrace from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.07.

Institutional Trading of Dynatrace

Several large investors have recently made changes to their positions in DT. RHL Group LLC acquired a new position in Dynatrace during the 4th quarter worth $30,000. CX Institutional raised its holdings in shares of Dynatrace by 1,119.0% in the second quarter. CX Institutional now owns 707 shares of the company's stock valued at $31,000 after purchasing an additional 649 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings 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 acquiring an additional 547 shares during the last quarter. Larson Financial Group LLC grew its position in Dynatrace by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company's stock worth $35,000 after buying an additional 508 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Dynatrace by 577.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company's stock valued at $55,000 after purchasing an additional 1,264 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Up 1.4%

The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 111.30, a P/E/G ratio of 3.39 and a beta of 0.74. The business has a 50-day moving average price of $48.79 and a 200-day moving average price of $42.64.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $554.55 million for 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 revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last 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, equities research analysts forecast that Dynatrace, Inc. will post 1.11 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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