Pictet Asset Management Holding SA grew its stake in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 12.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,293,302 shares of the company’s stock after purchasing an additional 1,531,104 shares during the quarter. Dynatrace accounts for about 0.8% of Pictet Asset Management Holding SA’s holdings, making the stock its 21st biggest holding. Pictet Asset Management Holding SA’s holdings in Dynatrace were worth $825,243,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Heritage Family Offices LLP acquired a new stake in Dynatrace in the 3rd quarter worth approximately $134,000. Allegiance Financial Group Advisory Services LLC purchased a new stake in Dynatrace during the 3rd quarter worth approximately $392,000. Kestra Advisory Services LLC purchased a new stake in Dynatrace during the 3rd quarter worth approximately $493,000. Boston Trust Walden Corp increased its stake in Dynatrace by 31.2% during the 3rd quarter. Boston Trust Walden Corp now owns 1,719,609 shares of the company’s stock valued at $99,290,000 after purchasing an additional 409,003 shares in the last quarter. Finally, AIA Group Ltd acquired a new position in Dynatrace during the 3rd quarter valued at approximately $4,637,000. 94.28% of the stock is owned by hedge funds and other institutional investors.
Dynatrace News Summary
Here are the key news stories impacting Dynatrace this week:
- Positive Sentiment: Scotiabank maintained its Buy rating, signaling continued confidence in Dynatrace’s prospects. Scotiabank Sticks to Its Buy Rating for Dynatrace
- Positive Sentiment: Dynatrace’s board declared a share-buyback plan, which could support demand for the stock; the available report does not specify its size. Dynatrace Board Declares Share Buyback Plan
- Neutral Sentiment: Dynatrace is pairing AI security with observability, a strategic move that could open opportunities, though the article headline alone does not establish its likely near-term financial impact. Why Is Dynatrace Pairing AI Security With Observability Now?
- Negative Sentiment: Several analysts lowered price targets, including RBC to $68, Citi to $70, and Wedbush to $50 while retaining a Neutral rating. Although UBS also cut its target—to $75—it kept a Buy rating. Repeated reductions may add pressure despite targets remaining above the recent share price. RBC Cuts Dynatrace Price Target Citi Sets New Price Target Wedbush Trims Price Target
- Negative Sentiment: Commentary points to slower momentum and delayed enterprise deals weighing on the outlook, with Q4 seen as an important test. Shares also crossed below their 200-day moving average, a technical signal that can reinforce bearish sentiment. Dynatrace Q2 Review Delayed Enterprise Deals Weigh on Outlook Stock Crosses Below 200-Day Moving Average
Analyst Upgrades and Downgrades
DT has been the subject of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating and issued a $61.00 price target on shares of Dynatrace in a report on Thursday, August 6th. BNP Paribas Exane raised shares of Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Thursday, October 8th. Canaccord Genuity Group boosted their price objective on shares of Dynatrace from $46.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Cantor Fitzgerald upped their target price on Dynatrace from $47.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. Finally, UBS Group reduced their target price on Dynatrace from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $62.00.
View Our Latest Analysis on Dynatrace
Dynatrace Price Performance
Shares of NYSE DT opened at $43.42 on Friday. Dynatrace, Inc. has a 52 week low of $31.64 and a 52 week high of $66.30. The business’s 50 day moving average price is $57.24 and its 200 day moving average price is $44.70. The company has a quick ratio of 1.21, a current ratio of 2.09 and a debt-to-equity ratio of 0.62. The firm has a market cap of $12.46 billion, a P/E ratio of 80.40, a P/E/G ratio of 2.95 and a beta of 0.76.
Dynatrace (NYSE:DT – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Dynatrace had a net margin of 7.42% and a return on equity of 12.73%. The company had revenue of $579.92 million during the quarter, compared to analyst estimates of $568.03 million. During the same period last year, the firm posted $0.44 EPS. Dynatrace’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, sell-side analysts expect that Dynatrace, Inc. will post 1.11 earnings per share for the current year.
Dynatrace announced that its Board of Directors has authorized a stock repurchase program on Tuesday, November 3rd that authorizes the company to buy back $1 billion in shares. This buyback authorization authorizes the company to repurchase up to 6.3% of its stock through open market purchases. Share buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
Insider Buying and Selling at Dynatrace
In other news, EVP Bernd Greifeneder sold 50,000 shares of the 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 in the company, valued at $51,766,239.66. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by insiders.
About Dynatrace
Dynatrace, Inc provides a software intelligence platform for monitoring and managing complex digital environments. Its platform helps organizations observe applications, infrastructure, cloud services and user experiences, and analyze performance and operational data.
The company’s offerings include application and infrastructure monitoring, log management, digital experience monitoring, application security and business analytics. Dynatrace also incorporates artificial intelligence and automation to help identify the causes of problems and support responses to them.
Founded in 2005, Dynatrace serves organizations around the world across industries.
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