Dynatrace (NYSE:DT) Raised to Buy at Needham & Company LLC

Dynatrace (NYSE:DT) was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat reports. The brokerage presently has a $68.00 target price on the stock. Needham & Company LLC’s price target suggests a potential upside of 21.94% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Morgan Stanley raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $65.00 in a research report on Tuesday, August 25th. Barclays boosted their price objective on Dynatrace from $48.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. BMO Capital Markets lifted their target price on Dynatrace from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wedbush lowered shares of Dynatrace from an “outperform” rating to a “neutral” rating and set a $54.00 price target for the company. in a research report on Thursday, September 10th. Finally, Canaccord Genuity Group raised their price objective on shares of Dynatrace from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Twenty-three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.96.

Dynatrace Price Performance

NYSE DT opened at $55.76 on Friday. The company has a fifty day moving average price of $48.56 and a 200-day moving average price of $42.51. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 111.53, a PEG ratio of 3.40 and a beta of 0.74. Dynatrace has a 1 year low of $31.64 and a 1 year high of $56.27.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $550.01 million. During the same period last year, the firm earned $0.42 earnings per share. The firm’s revenue 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. On average, research analysts anticipate that Dynatrace will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Dynatrace

Several large investors have recently modified their holdings of DT. Pictet Asset Management Holding SA raised its position in shares of Dynatrace by 7.9% in the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after purchasing an additional 1,160,690 shares during the period. Wellington Management Group LLP boosted its holdings in Dynatrace by 23.5% in the 2nd 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. Bank of America Corp DE grew its stake in Dynatrace by 304.7% in the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock valued at $346,044,000 after buying an additional 7,045,591 shares in the last quarter. Geode Capital Management LLC grew its stake in Dynatrace by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 6,098,443 shares of the company’s stock valued at $263,631,000 after buying an additional 137,225 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Dynatrace by 706.8% during the 1st quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock valued at $251,520,000 after acquiring an additional 5,958,505 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Dynatrace

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.