Streetbeat News

DT

Dynatrace, Inc.

https://www.dynatrace.com

Industry

Software - Application

Dynatrace, Inc. provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences. The company also offers implementation, consulting, and training services. Dynatrace, Inc. markets its products through a combination of direct sales team and a network of partners, including resellers, system integrators, and managed service providers. It serves customers in various industries comprising banking, insurance, retail, manufacturing, travel, and software. The company operates in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Dynatrace, Inc. was founded in 2005 and is headquartered in Waltham, Massachusetts.

Open

52.02

Mkt cap

15B

Volume

1.8M

High

52.25

P/E Ratio

95.91

52-wk high

61.41

Low

51.37

Div yield

N/A

52-wk low

39.42

Dynatrace (NYSE:DT) received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for DT has been raised to $67.1, indicating a 16.94% increase from the previous target. Analysts from firms like Rosenblatt, Scotiabank, and JMP Securities have adjusted their ratings and price targets, reflecting optimism about Dynatrace's market position and financial performance, including a notable revenue growth rate of 25.91% as of September 30, 2023.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 2:00 pm

Rosenblatt analyst Blair Abernethy maintains a Buy rating on Dynatrace (NYSE:DT) and raises the price target from $58 to $65.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:33 pm

Scotiabank analyst Patrick Colville has maintained a Sector Outperform rating on Dynatrace (NYSE:DT) and increased the price target from $62 to $70.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 6:16 pm

JMP Securities analyst Erik Suppiger has reiterated a Market Outperform rating on Dynatrace (NYSE:DT), maintaining a $68 price target.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 5:58 pm

JMP Securities analyst Erik Suppiger maintains a Market Outperform rating on Dynatrace (NYSE:DT) and raises the price target from $56 to $68.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 5:50 pm

Software company stocks are down following the Federal Reserve's decision to leave interest rates unchanged, contributing to broader market weakness.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:53 pm

Dynatrace has entered into a definitive agreement to acquire Runecast, a company specializing in AI-powered security and compliance solutions. The terms of the acquisition have not been disclosed. The transaction is expected to close by the end of Dynatrace's fourth quarter, March 31, 2024, and is not anticipated to materially impact Dynatrace's financial results.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:03 pm

Needham analyst Mike Cikos reaffirmed a Buy rating on Dynatrace (NYSE:DT) and increased the price target from $60 to $70, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:57 am

Analysts have recently updated their ratings and price targets for Dynatrace (NYSE:DT), with 6 analysts offering views that range from bullish to bearish. Over the past three months, the sentiment has been predominantly bullish, with 5 bullish and 1 somewhat bullish rating. The average 12-month price target for DT is now $65.00, up from the previous $57.60, indicating a potential increase of 12.85%. Notable analysts from firms like Citigroup, Truist Securities, Jefferies, Scotiabank, and Needham have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Dynatrace, a cloud-native company, has shown a revenue growth of 25.91% as of September 30, 2023, but faces challenges with below-average net margin, ROE, and ROA. Its debt-to-equity ratio is below the industry average, suggesting a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 1:00 pm

Citigroup analyst Fatima Boolani has reaffirmed a Buy rating on Dynatrace (NYSE:DT) and increased the price target from $58 to $68, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:26 am

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