Hsbc Holdings PLC trimmed its position in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 64.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 85,316 shares of the company’s stock after selling 157,943 shares during the quarter. Hsbc Holdings PLC’s holdings in Dynatrace were worth $3,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Dynatrace by 719.3% in the third quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock worth $355,629,000 after acquiring an additional 6,444,262 shares during the period. Scge Management L.P. purchased a new stake in Dynatrace during the second quarter valued at $155,858,000. Alyeska Investment Group L.P. lifted its holdings in Dynatrace by 1,201.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,888,249 shares of the company’s stock valued at $125,177,000 after acquiring an additional 2,666,373 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Dynatrace by 16.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock valued at $634,985,000 after acquiring an additional 2,076,990 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Dynatrace by 123,910.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,881,245 shares of the company’s stock worth $81,533,000 after purchasing an additional 1,879,728 shares during the last quarter. 94.28% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Dynatrace from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday. Truist Financial raised their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Scotiabank cut their target price on shares of Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 14th. BMO Capital Markets upped their target price on shares of Dynatrace from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dynatrace from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.42.
Dynatrace Stock Performance
Shares of Dynatrace stock opened at $41.67 on Friday. The company has a market capitalization of $12.10 billion, a P/E ratio of 77.18, a P/E/G ratio of 2.68 and a beta of 0.73. The company has a fifty day moving average of $42.41 and a 200 day moving average of $39.29. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $55.49.
Dynatrace (NYSE:DT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $531.72 million for the quarter, compared to analysts’ expectations of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $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. Analysts forecast that Dynatrace, Inc. will post 1.11 EPS for the current year.
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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