Handelsbanken Fonder AB Has $65.98 Million Stock Holdings in Dynatrace, Inc. $DT

Handelsbanken Fonder AB lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 32.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,522,400 shares of the company’s stock after selling 735,000 shares during the period. Handelsbanken Fonder AB’s holdings in Dynatrace were worth $65,981,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Dynatrace by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 32,142,909 shares of the company’s stock worth $1,557,324,000 after acquiring an additional 739,895 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Dynatrace by 16.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock valued at $634,985,000 after buying an additional 2,076,990 shares during the period. State Street Corp grew its holdings in shares of Dynatrace by 2.8% in the 3rd quarter. State Street Corp now owns 10,562,363 shares of the company’s stock valued at $511,746,000 after buying an additional 286,352 shares during the period. American Century Companies Inc. grew its holdings in shares of Dynatrace by 0.9% in the 3rd quarter. American Century Companies Inc. now owns 7,919,446 shares of the company’s stock valued at $383,697,000 after buying an additional 73,827 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Dynatrace by 719.3% in the 3rd quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after buying an additional 6,444,262 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE:DT opened at $39.79 on Tuesday. The company’s 50-day moving average price is $37.13 and its two-hundred day moving average price is $40.24. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $57.55. The stock has a market capitalization of $11.87 billion, a PE ratio of 73.68, a price-to-earnings-growth ratio of 2.57 and a beta of 0.70.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 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 firm had revenue of $531.72 million for the quarter, compared to analysts’ expectations of $521.01 million. During the same period in the previous year, the firm posted $0.33 EPS. The company’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. On average, analysts anticipate that Dynatrace, Inc. will post 1.08 earnings per share for the current fiscal year.

Dynatrace announced that its Board of Directors has initiated a share buyback plan 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 plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DT. JPMorgan Chase & Co. decreased their price target on shares of Dynatrace from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Scotiabank decreased their price target on shares of Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating for the company in a report on Thursday, May 14th. Wedbush set a $48.00 price target on shares of Dynatrace in a report on Friday. Rosenblatt Securities decreased their price target on shares of Dynatrace from $60.00 to $52.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, UBS Group decreased their price target on shares of Dynatrace from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

Insider Buying and Selling

In other Dynatrace news, EVP Stephen A. Mcmahon purchased 3,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president directly owned 3,454 shares of the company’s stock, valued at $123,480.50. This represents a 660.79% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is owned by company 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.