First Trust Advisors LP grew its position in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 706.8% in the first quarter, Holdings Channel reports. The institutional investor owned 6,801,507 shares of the company’s stock after buying an additional 5,958,505 shares during the period. First Trust Advisors LP’s holdings in Dynatrace were worth $251,520,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Dynatrace by 719.3% during 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 position in Dynatrace during the second quarter worth about $155,858,000. Alyeska Investment Group L.P. lifted its position 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 purchasing an additional 2,666,373 shares during the period. Pictet Asset Management Holding SA lifted its position 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 purchasing an additional 2,076,990 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Dynatrace by 123,910.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,881,245 shares of the company’s stock valued at $81,533,000 after purchasing an additional 1,879,728 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Truist Financial boosted their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Canaccord Genuity Group reduced their price target on Dynatrace from $50.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Zacks Research upgraded Dynatrace from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Oppenheimer upped their price objective on Dynatrace from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday. Finally, BTIG Research dropped their price objective on Dynatrace from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.42.
Dynatrace Trading Down 3.5%
Shares of DT opened at $41.35 on Thursday. Dynatrace, Inc. has a twelve month low of $31.64 and a twelve month high of $55.49. The firm has a market capitalization of $12.00 billion, a P/E ratio of 76.58, a PEG ratio of 2.76 and a beta of 0.73. The firm’s 50-day moving average is $42.27 and its two-hundred day moving average is $39.29.
Dynatrace (NYSE:DT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $531.72 million during the quarter, compared to the consensus estimate of $521.01 million. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. 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 predict that Dynatrace, Inc. will post 1.11 EPS for the current year.
Dynatrace Profile
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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