Kerrisdale Advisers LLC Increases Position in Dynatrace, Inc. $DT

Kerrisdale Advisers LLC boosted its position in Dynatrace, Inc. (NYSE:DT) by 76.3% in the 2nd quarter, Holdings Channel reports. The fund owned 42,205 shares of the company’s stock after purchasing an additional 18,270 shares during the period. Kerrisdale Advisers LLC’s holdings in Dynatrace were worth $1,853,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Pictet Asset Management Holding SA boosted its holdings in shares of Dynatrace by 7.9% during the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock worth $584,649,000 after purchasing an additional 1,160,690 shares during the last quarter. Wellington Management Group LLP grew its holdings in Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after buying an additional 2,191,497 shares during the period. State Street Corp increased its stake in shares of Dynatrace by 1.0% during the 4th quarter. State Street Corp now owns 10,664,357 shares of the company’s stock valued at $462,193,000 after acquiring an additional 101,994 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Dynatrace by 304.7% during the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock worth $346,044,000 after acquiring an additional 7,045,591 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Dynatrace by 706.8% in the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after acquiring an additional 5,958,505 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DT shares. TD Cowen upped their price target on shares of Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Morgan Stanley raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $58.00 to $65.00 in a research note on Tuesday, August 25th. Wolfe Research restated an “outperform” rating and set a $42.00 price objective on shares of Dynatrace in a report on Thursday, May 14th. KeyCorp upped their price target on Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. cut their price objective on Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Twenty-three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.81.

Dynatrace Trading Down 0.1%

Shares of NYSE DT opened at $53.63 on Monday. Dynatrace, Inc. has a 12-month low of $31.64 and a 12-month high of $54.61. The company has a market cap of $15.50 billion, a P/E ratio of 107.26, a P/E/G ratio of 3.28 and a beta of 0.72. The stock has a fifty day moving average price of $45.95 and a 200 day moving average price of $40.87.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The firm’s quarterly 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, sell-side analysts forecast that Dynatrace, Inc. will post 1.11 EPS for the current fiscal 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.