The Manufacturers Life Insurance Company Has $7.47 Million Stake in Dynatrace, Inc. $DT

The Manufacturers Life Insurance Company raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 15.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,114 shares of the company’s stock after acquiring an additional 27,376 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Dynatrace were worth $7,474,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DT. Pictet Asset Management Holding SA lifted its stake in shares of Dynatrace by 7.9% in 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. State Street Corp increased its holdings 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 purchasing an additional 101,994 shares in the last quarter. Wellington Management Group LLP lifted its stake in Dynatrace by 9.0% in the fourth quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock valued at $346,716,000 after buying an additional 659,792 shares during the period. First Trust Advisors LP boosted its holdings in shares of Dynatrace by 706.8% during the 1st quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after buying an additional 5,958,505 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Dynatrace by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,098,443 shares of the company’s stock worth $263,631,000 after buying an additional 137,225 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on DT. BTIG Research lowered their price objective on shares of Dynatrace from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Canaccord Genuity Group cut their target price on shares of Dynatrace from $50.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Rothschild & Co Redburn began coverage on shares of Dynatrace in a report on Thursday, April 23rd. They issued a “neutral” rating and a $40.00 price target for the company. TD Cowen lifted their price target on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Dynatrace Trading Up 2.8%

NYSE DT opened at $45.77 on Wednesday. The company has a fifty day simple moving average of $42.97 and a 200 day simple moving average of $39.37. Dynatrace, Inc. has a 12-month low of $31.64 and a 12-month high of $53.20. The company has a market cap of $13.28 billion, a P/E ratio of 84.77, a PEG ratio of 2.87 and a beta of 0.72.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 earnings per share 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 the consensus estimate of $521.01 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business’s revenue 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. Sell-side analysts predict that Dynatrace, Inc. will post 1.11 EPS for the current year.

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.