Handelsbanken Fonder AB Lowers Position in Dynatrace, Inc. $DT

Handelsbanken Fonder AB decreased its position in shares of Dynatrace, Inc. (NYSE:DT) by 57.5% during the second quarter, Holdings Channel.com reports. The firm owned 556,716 shares of the company’s stock after selling 754,684 shares during the period. Handelsbanken Fonder AB’s holdings in Dynatrace were worth $24,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Dynatrace in the 4th quarter valued at $26,000. Brown Lisle Cummings Inc. grew its position in Dynatrace by 218.8% during the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after buying an additional 547 shares during the period. RHL Group LLC purchased a new position in Dynatrace in the fourth quarter valued at $30,000. CX Institutional increased its holdings in Dynatrace by 1,119.0% in the second quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after buying an additional 649 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Dynatrace by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock worth $35,000 after acquiring an additional 508 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Down 0.3%

Shares of NYSE DT opened at $49.52 on Thursday. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 99.04, a price-to-earnings-growth ratio of 2.97 and a beta of 0.72. The company’s 50-day simple moving average is $43.84 and its 200-day simple moving average is $39.80. Dynatrace, Inc. has a 52-week low of $31.64 and a 52-week high of $53.28.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $554.55 million during the quarter, compared to the consensus estimate of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. Equities research analysts anticipate that Dynatrace, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DT has been the topic of several recent analyst reports. DA Davidson increased their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research raised Dynatrace from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Oppenheimer increased their price target on Dynatrace from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. TD Cowen raised their price objective on Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Barclays boosted their price objective on Dynatrace from $48.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.77.

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.