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

Key Points

• Dynatrace shares reached a new 52-week high, rising 2.8% to about $65.26 after RBC raised its price target from $59 to $73 and maintained an “outperform” rating.
• Analyst sentiment is broadly positive: 24 analysts rate the stock a Buy and seven rate it a Hold, resulting in a consensus “Moderate Buy” rating, although the consensus price target of $58.75 is below the current price.
• Dynatrace reported quarterly EPS of $0.48 versus $0.45 expected, while revenue increased 16.3% year over year to $554.55 million. Institutional investors own 94.28% of the company, and an executive recently sold 50,000 shares under a pre-arranged trading plan.

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) reached a new 52-week high on Tuesday after Royal Bank Of Canada raised their price target on the stock from $59.00 to $73.00. Royal Bank Of Canada currently has an outperform rating on the stock. Dynatrace traded as high as $65.29 and last traded at $65.26, with a volume of 8,287,485 shares trading hands. The stock had previously closed at $63.50.

DT has been the topic of several other research reports. BTIG Research reissued a "buy" rating and set a $62.00 target price on shares of Dynatrace in a research note on Tuesday, September 15th. UBS Group upped their price target on Dynatrace from $65.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, October 1st. BNP Paribas Exane raised shares of Dynatrace from a "neutral" rating to an "outperform" rating and set a $75.00 price objective for the company in a report on Thursday, October 8th. Cantor Fitzgerald increased their price objective on shares of Dynatrace from $37.00 to $47.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Finally, Oppenheimer lifted their price objective on shares of Dynatrace from $60.00 to $71.00 and gave the company an "outperform" rating in a research report on Thursday, September 24th. Twenty-four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.75.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $57.21, for a total value of $2,860,500.00. Following the sale, the executive vice president owned 904,846 shares of the company's stock, valued at $51,766,239.66. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing 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 insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Argent Capital Management LLC bought a new position in shares of Dynatrace during the third quarter valued at approximately $21,868,000. Hsbc Holdings PLC raised its holdings in shares of Dynatrace by 12.0% in the fourth quarter. Hsbc Holdings PLC now owns 243,259 shares of the company's stock worth $10,568,000 after buying an additional 26,129 shares during the period. Wellington Management Group LLP raised its holdings in shares of Dynatrace by 23.5% in the second quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company's stock worth $506,229,000 after buying an additional 2,191,497 shares during the period. Eminence Capital LP raised its holdings in shares of Dynatrace by 33.0% in the fourth quarter. Eminence Capital LP now owns 4,527,266 shares of the company's stock worth $196,212,000 after buying an additional 1,122,855 shares during the period. Finally, Globeflex Capital L P bought a new stake in shares of Dynatrace during the 2nd quarter worth approximately $5,717,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Up 2.8%

The stock has a market capitalization of $18.86 billion, a P/E ratio of 130.52, a price-to-earnings-growth ratio of 3.93 and a beta of 0.77. The stock has a 50 day moving average of $53.83 and a 200-day moving average of $45.01.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share (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 quarter in the previous year, the business 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. Research analysts anticipate that Dynatrace, Inc. will post 1.10 EPS for the current year.

About Dynatrace

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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