Allstate Corp Acquires 13,784 Shares of Dynatrace, Inc. $DT

Allstate Corp grew its position in Dynatrace, Inc. (NYSE:DT) by 109.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,330 shares of the company’s stock after purchasing an additional 13,784 shares during the period. Allstate Corp’s holdings in Dynatrace were worth $1,141,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Cim LLC boosted its holdings in Dynatrace by 1.0% in the third quarter. Cim LLC now owns 22,184 shares of the company’s stock valued at $1,075,000 after purchasing an additional 228 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Dynatrace by 1.4% in the third quarter. Orion Porfolio Solutions LLC now owns 16,983 shares of the company’s stock valued at $823,000 after purchasing an additional 231 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Dynatrace by 7.7% in the fourth quarter. GAMMA Investing LLC now owns 3,460 shares of the company’s stock worth $150,000 after acquiring an additional 246 shares during the period. Assetmark Inc. raised its position in shares of Dynatrace by 0.7% in the fourth quarter. Assetmark Inc. now owns 36,629 shares of the company’s stock worth $1,588,000 after acquiring an additional 248 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its position in shares of Dynatrace by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 67,205 shares of the company’s stock worth $3,256,000 after acquiring an additional 264 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of DT stock opened at $42.57 on Friday. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $57.55. The company has a 50 day moving average price of $37.43 and a 200 day moving average price of $39.78. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 78.83, a price-to-earnings-growth ratio of 2.72 and a beta of 0.70.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The company had revenue of $531.72 million during the quarter, compared to the consensus estimate of $521.01 million. During the same period in the previous year, the firm earned $0.33 earnings per share. Dynatrace’s revenue for the quarter was up 19.4% on a year-over-year basis. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. As a group, equities analysts forecast that Dynatrace, Inc. will post 1.08 EPS for the current fiscal year.

Dynatrace announced that its Board of Directors has authorized a share buyback program on Monday, February 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 9.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Stephen A. Mcmahon acquired 3,000 shares of Dynatrace stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $35.75 per share, for a total transaction of $107,250.00. Following the purchase, the executive vice president directly owned 3,454 shares of the company’s stock, valued at $123,480.50. The trade was a 660.79% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DT shares. Morgan Stanley reduced their price target on shares of Dynatrace from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Citigroup dropped their price objective on shares of Dynatrace from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Truist Financial set a $45.00 price target on shares of Dynatrace in a research note on Wednesday, April 15th. UBS Group lowered their price objective on shares of Dynatrace from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Twenty-one investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.50.

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.