Dynatrace (NYSE:DT) Stock Price Target Raised at Wells Fargo & Company

Dynatrace (NYSE:DT) had its target price hoisted by research analysts at Wells Fargo & Company from $60.00 to $75.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 18.43% from the stock’s previous close.

DT has been the subject of several other research reports. Royal Bank Of Canada upped their target price on Dynatrace from $59.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, October 12th. Canaccord Genuity Group lifted their price target on shares of Dynatrace from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Oppenheimer boosted their price objective on shares of Dynatrace from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, September 24th. Citigroup upped their price objective on shares of Dynatrace from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of Dynatrace in a research note on Thursday, August 6th. Twenty-four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.72.

Dynatrace Price Performance

Shares of DT traded down $0.42 during midday trading on Wednesday, reaching $63.33. The stock had a trading volume of 566,722 shares, compared to its average volume of 6,508,708. The company’s 50-day moving average is $56.92 and its 200 day moving average is $44.25. Dynatrace has a 12-month low of $31.64 and a 12-month high of $66.30.

Dynatrace (NYSE:DT) last announced its quarterly earnings data 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 the consensus estimate of $550.01 million. Dynatrace’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company 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. Equities analysts predict that Dynatrace will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were 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. This trade represents a 5.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

A number of hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Dynatrace by 23.5% during the second quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after acquiring an additional 2,191,497 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Dynatrace by 304.7% during the first quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock worth $346,044,000 after purchasing an additional 7,045,591 shares during the period. First Trust Advisors LP boosted its holdings in shares of Dynatrace by 706.8% during the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after purchasing an additional 5,958,505 shares during the period. Amundi grew its stake in shares of Dynatrace by 461.5% in the first quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after purchasing an additional 5,127,910 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Dynatrace in the first quarter worth about $190,890,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Dynatrace

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.