Dynatrace (NYSE:DT) Price Target Cut to $44.00 by Analysts at Scotiabank

Dynatrace (NYSE:DTGet Free Report) had its price objective lowered by equities research analysts at Scotiabank from $47.00 to $44.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 20.29% from the company’s previous close.

Several other research firms have also weighed in on DT. Morgan Stanley set a $40.00 price objective on Dynatrace in a research note on Thursday. Keefe, Bruyette & Woods raised Dynatrace to a “buy” rating in a research note on Monday, February 9th. Raymond James Financial reaffirmed a “market perform” rating on shares of Dynatrace in a research note on Monday, February 9th. BTIG Research reduced their price objective on Dynatrace from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wedbush reduced their price objective on Dynatrace from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.46.

Check Out Our Latest Research Report on DT

Dynatrace Trading Up 5.3%

DT stock traded up $1.85 during trading hours on Thursday, hitting $36.58. 2,545,296 shares of the stock were exchanged, compared to its average volume of 6,812,778. The firm has a market capitalization of $10.91 billion, a P/E ratio of 59.98, a P/E/G ratio of 2.39 and a beta of 0.70. The company has a 50-day simple moving average of $37.10 and a two-hundred day simple moving average of $40.49. Dynatrace has a 12 month low of $31.64 and a 12 month high of $57.55.

Dynatrace (NYSE:DTGet Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $531.72 million for the quarter, compared to the consensus estimate of $521.01 million. Dynatrace had a net margin of 9.55% and a return on equity of 9.75%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. On average, equities research analysts predict that Dynatrace will post 0.88 earnings per share for the current year.

Dynatrace declared that its board has approved a share buyback program on Monday, February 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 9.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Dynatrace

In related news, EVP Stephen A. Mcmahon acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average cost of $35.75 per share, with a total value of $107,250.00. Following the completion of the purchase, the executive vice president directly owned 3,454 shares in the company, valued at $123,480.50. The trade was a 660.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Dynatrace by 2.4% in the third quarter. Vanguard Group Inc. now owns 32,142,909 shares of the company’s stock worth $1,557,324,000 after acquiring an additional 739,895 shares during the period. Pictet Asset Management Holding SA lifted its stake in 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 buying an additional 1,160,690 shares during the period. State Street Corp lifted its stake in Dynatrace by 1.0% in the fourth quarter. State Street Corp now owns 10,664,357 shares of the company’s stock valued at $462,193,000 after buying an additional 101,994 shares during the period. Wellington Management Group LLP lifted its stake in Dynatrace by 9.0% in the fourth quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock valued at $346,716,000 after buying an additional 659,792 shares during the period. Finally, American Century Companies Inc. lifted its stake in Dynatrace by 0.9% in the third quarter. American Century Companies Inc. now owns 7,919,446 shares of the company’s stock valued at $383,697,000 after buying an additional 73,827 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace News Summary

Here are the key news stories impacting Dynatrace this week:

Dynatrace Company Profile

(Get Free Report)

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.

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Analyst Recommendations for Dynatrace (NYSE:DT)

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