Dynatrace’s (DT) Buy Rating Reiterated at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Dynatrace (NYSE:DT) in a report released on Tuesday,Benzinga reports. They currently have a $62.00 price target on the stock.

DT has been the topic of a number of other research reports. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Thursday, June 25th. Weiss Ratings raised shares of Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Royal Bank Of Canada upped their target price on shares of Dynatrace from $50.00 to $59.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Citigroup raised their price target on shares of Dynatrace from $62.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Finally, Wedbush downgraded shares of Dynatrace from an “outperform” rating to a “neutral” rating and set a $54.00 price target on the stock. in a research note on Thursday, September 10th. Twenty-two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $55.50.

Dynatrace Price Performance

Shares of NYSE DT opened at $55.76 on Tuesday. Dynatrace has a 1-year low of $31.64 and a 1-year high of $56.27. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 111.53, a PEG ratio of 3.40 and a beta of 0.74. The business has a 50-day moving average of $48.56 and a 200-day moving average of $42.51.

Dynatrace (NYSE:DT) last announced its 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 business had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. 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 expect that Dynatrace will post 1.11 EPS for the current fiscal year.

Institutional Trading of Dynatrace

Institutional investors have recently added to or reduced their stakes in the stock. 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 acquiring an additional 20,222 shares during the last quarter. Tidal Investments LLC increased its position in shares of Dynatrace by 8.6% in the 2nd quarter. Tidal Investments LLC now owns 65,002 shares of the company’s stock worth $2,854,000 after purchasing an additional 5,136 shares during the last quarter. Engineers Gate Manager LP increased its position in shares of Dynatrace by 709.8% in the 2nd quarter. Engineers Gate Manager LP now owns 365,333 shares of the company’s stock worth $16,042,000 after purchasing an additional 320,219 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Dynatrace in the 2nd quarter valued at about $292,000. Finally, NewEdge Advisors LLC raised its stake in shares of Dynatrace by 116.4% in the 2nd 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 in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.