VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Dynatrace, Inc. $DT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 126,470 shares of the company’s stock, valued at approximately $5,553,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its position in Dynatrace by 7.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after purchasing an additional 1,160,690 shares during the period. California State Teachers Retirement System boosted its stake in shares of Dynatrace by 3,827.2% during the 2nd quarter. California State Teachers Retirement System now owns 13,951,788 shares of the company’s stock valued at $612,623,000 after purchasing an additional 13,596,525 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Dynatrace by 23.5% during the second 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 raised its stake in Dynatrace by 1.0% in the fourth quarter. State Street Corp now owns 10,664,357 shares of the company’s stock worth $462,193,000 after buying an additional 101,994 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Dynatrace by 304.7% in the first quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock worth $346,044,000 after buying an additional 7,045,591 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

DT has been the topic of several research reports. Wolfe Research reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Dynatrace in a research report on Thursday, May 14th. Wedbush set a $48.00 target price on Dynatrace in a research note on Friday, May 15th. TD Cowen upped their price target on Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Barclays increased their price objective on Dynatrace from $48.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Thursday, June 25th. Twenty-three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.81.

Dynatrace Trading Down 2.9%

Dynatrace stock opened at $50.39 on Wednesday. Dynatrace, Inc. has a 12 month low of $31.64 and a 12 month high of $54.83. The business’s fifty day simple moving average is $47.40 and its two-hundred day simple moving average is $41.63. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 100.77, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $550.01 million. During the same quarter in the previous year, the business posted $0.42 EPS. Dynatrace’s revenue was up 16.3% compared to the same quarter last year. 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 research analysts predict that Dynatrace, Inc. will post 1.11 EPS for the current 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.