Engineers Gate Manager LP raised its stake in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 709.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 365,333 shares of the company’s stock after acquiring an additional 320,219 shares during the period. Engineers Gate Manager LP’s holdings in Dynatrace were worth $16,042,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Dynatrace during the 2nd quarter worth approximately $292,000. NewEdge Advisors LLC lifted its stake in Dynatrace by 116.4% during the second quarter. NewEdge Advisors LLC now owns 31,127 shares of the company’s stock worth $1,367,000 after purchasing an additional 16,746 shares in the last quarter. Allworth Financial LP boosted its position in shares of Dynatrace by 99.9% during the second quarter. Allworth Financial LP now owns 10,442 shares of the company’s stock worth $459,000 after buying an additional 5,219 shares during the period. Waverly Advisors LLC purchased a new position in shares of Dynatrace during the second quarter worth $248,000. Finally, Nykredit A S purchased a new position in shares of Dynatrace during the second quarter worth $489,000. 94.28% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
DT has been the topic of several research analyst reports. Weiss Ratings upgraded Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Oppenheimer raised their target price on Dynatrace from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, July 20th. The Goldman Sachs Group lifted their target price on Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Citigroup boosted their price target on shares of Dynatrace from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Dynatrace in a research report on Thursday, August 6th. Twenty-three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $54.81.
Dynatrace Stock Up 0.5%
Shares of NYSE:DT opened at $50.53 on Thursday. The firm’s 50 day moving average price is $47.51 and its 200 day moving average price is $41.73. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 101.06, a price-to-earnings-growth ratio of 3.07 and a beta of 0.74. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $54.83.
Dynatrace (NYSE:DT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company had revenue of $554.55 million during the quarter, compared to analysts’ expectations of $550.01 million. During the same quarter in the previous year, the business posted $0.42 EPS. The firm’s revenue was up 16.3% on a year-over-year basis. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. On average, equities analysts anticipate that Dynatrace, Inc. will post 1.11 EPS for the current year.
Dynatrace Company 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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