Dynatrace, Inc. $DT Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its stake in shares of Dynatrace, Inc. (NYSE:DT) by 1.5% during the 4th quarter, Holdings Channel reports. The fund owned 1,125,951 shares of the company’s stock after selling 17,067 shares during the quarter. Legal & General Group Plc’s holdings in Dynatrace were worth $48,799,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Dynatrace during the fourth quarter worth about $26,000. Cornerstone Planning Group LLC grew its holdings in Dynatrace by 561.4% in the third quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock valued at $28,000 after purchasing an additional 494 shares during the period. RHL Group LLC acquired a new stake in Dynatrace in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC grew its holdings in Dynatrace by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after purchasing an additional 508 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Dynatrace in the third quarter valued at approximately $37,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Price Performance

Shares of NYSE:DT opened at $42.57 on Friday. The business’s 50 day moving average price is $37.43 and its 200-day moving average price is $39.78. The firm has a market capitalization of $12.41 billion, a PE ratio of 78.83, a P/E/G ratio of 2.72 and a beta of 0.70. Dynatrace, Inc. has a 1 year low of $31.64 and a 1 year high of $57.55.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $531.72 million for the quarter, compared to analyst estimates of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. 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, analysts expect that Dynatrace, Inc. will post 1.08 earnings per share for the current year.

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

Analysts Set New Price Targets

DT has been the topic of several research analyst reports. Rosenblatt Securities dropped their price objective on Dynatrace from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Stifel Nicolaus set a $51.00 price objective on Dynatrace in a report on Monday, February 9th. Royal Bank Of Canada dropped their price objective on Dynatrace from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Canaccord Genuity Group dropped their price objective on Dynatrace from $50.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, The Goldman Sachs Group initiated coverage on Dynatrace in a report on Tuesday, April 21st. They issued a “buy” rating and a $45.00 price objective on the stock. Twenty-one equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.50.

Insider Activity

In other news, EVP Stephen A. Mcmahon purchased 3,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of $35.75 per share, with a total value of $107,250.00. Following the completion of the purchase, the executive vice president directly owned 3,454 shares of the company’s stock, valued at approximately $123,480.50. The trade was a 660.79% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.57% of the stock is owned by corporate insiders.

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.