Renaissance Group LLC Lowers Stake in Dynatrace, Inc. $DT

Renaissance Group LLC reduced its stake in shares of Dynatrace, Inc. (NYSE:DT) by 11.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 458,055 shares of the company’s stock after selling 61,471 shares during the period. Renaissance Group LLC’s holdings in Dynatrace were worth $19,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cim LLC raised its position in Dynatrace by 1.0% during 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 in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of Dynatrace by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 16,983 shares of the company’s stock worth $823,000 after purchasing an additional 231 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Dynatrace by 7.7% during the 4th quarter. GAMMA Investing LLC now owns 3,460 shares of the company’s stock valued at $150,000 after purchasing an additional 246 shares during the last quarter. Assetmark Inc. increased its position in shares of Dynatrace by 0.7% during the 4th quarter. Assetmark Inc. now owns 36,629 shares of the company’s stock valued at $1,588,000 after purchasing an additional 248 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Dynatrace by 0.4% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 67,205 shares of the company’s stock valued at $3,256,000 after buying an additional 264 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DT. BMO Capital Markets dropped their target price on Dynatrace from $45.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Wedbush set a $48.00 price target on shares of Dynatrace in a research report on Friday, May 15th. KeyCorp lowered their price objective on shares of Dynatrace from $52.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. TD Cowen cut 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 Wednesday, April 15th. Finally, Scotiabank reduced their target price on shares of Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 14th. Twenty-one equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.50.

Dynatrace Price Performance

NYSE DT opened at $40.62 on Thursday. The stock has a market capitalization of $11.84 billion, a PE ratio of 75.22, a PEG ratio of 2.65 and a beta of 0.75. Dynatrace, Inc. has a 1 year low of $31.64 and a 1 year high of $57.55. The business’s 50-day moving average is $38.29 and its 200 day moving average is $39.56.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The business had revenue of $531.72 million during the quarter, compared to analyst estimates of $521.01 million. During the same quarter in the prior year, the company posted $0.33 EPS. Dynatrace’s quarterly revenue was up 19.4% compared to the same quarter last year. 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 research analysts anticipate that Dynatrace, Inc. will post 1.11 earnings per share for the current year.

Dynatrace Company 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.