TimesSquare Capital Management LLC decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,271,294 shares of the company’s stock after selling 49,490 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.42% of Dynatrace worth $55,098,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its stake in Dynatrace by 561.4% during the third quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Dynatrace during the fourth quarter worth approximately $26,000. Hazlett Burt & Watson Inc. purchased a new stake in Dynatrace during the third quarter worth approximately $37,000. True Wealth Design LLC lifted its stake in Dynatrace by 99.6% during the fourth quarter. True Wealth Design LLC now owns 896 shares of the company’s stock worth $39,000 after purchasing an additional 447 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Dynatrace by 21.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock worth $85,000 after purchasing an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Weiss Ratings upgraded Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Guggenheim cut Dynatrace from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada decreased their target price on Dynatrace from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price target on Dynatrace from $65.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Finally, Stifel Nicolaus set a $51.00 price target on Dynatrace in a research report on Monday, February 9th. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.
Dynatrace Stock Up 3.7%
DT opened at $39.79 on Tuesday. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 73.68, a price-to-earnings-growth ratio of 2.57 and a beta of 0.70. Dynatrace, Inc. has a 52 week low of $31.64 and a 52 week high of $57.55. The business’s 50 day moving average is $37.13 and its two-hundred day moving average is $40.24.
Dynatrace (NYSE:DT – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $531.72 million for the quarter, compared to analyst estimates of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous 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. Equities analysts expect that Dynatrace, Inc. will post 1.08 EPS for the current fiscal year.
Dynatrace declared that its board has initiated a share buyback plan on Monday, February 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Insider Activity
In related news, EVP Stephen A. Mcmahon bought 3,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $35.75 per share, with a total value of $107,250.00. Following the completion of the acquisition, the executive vice president owned 3,454 shares in the company, valued at approximately $123,480.50. This trade represents a 660.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.
About Dynatrace
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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