80,000 Shares of Dynatrace, Inc. $DT Purchased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the 3rd quarter, Holdings Channel reports. The firm bought 80,000 shares of the company’s stock, valued at approximately $4,619,000.

A number of other hedge funds have also recently modified their holdings of DT. Wellington Management Group LLP grew its stake in Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock worth $506,229,000 after acquiring an additional 2,191,497 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Dynatrace by 304.7% in the 1st 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. First Trust Advisors LP lifted its holdings in shares of Dynatrace by 706.8% in 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 during the period. Amundi lifted its holdings in shares of Dynatrace by 461.5% in the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after buying an additional 5,127,910 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Dynatrace during the 1st quarter worth $190,890,000. Institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction on Friday, September 18th. The shares were sold at an average price of $57.21, for a total value of $2,860,500.00. Following the transaction, the executive vice president directly owned 904,846 shares of the company’s stock, valued at approximately $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.69% of the company’s stock.

Dynatrace Stock Performance

DT stock opened at $64.25 on Tuesday. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 65.36, a PEG ratio of 3.94 and a beta of 0.77. The firm has a 50-day simple moving average of $56.30 and a two-hundred day simple moving average of $44.04. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $66.30.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm had revenue of $554.55 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. As a group, equities analysts predict that Dynatrace, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BNP Paribas Exane upgraded Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Thursday, October 8th. UBS Group upped their price objective on shares of Dynatrace from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada increased their target price on shares of Dynatrace from $59.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Yorkville Ives began coverage on shares of Dynatrace in a research report on Tuesday, October 6th. They set an “in-line” rating and a $62.00 target price on the stock. Finally, DA Davidson boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Twenty-four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and an average target price of $61.52.

Dynatrace Profile

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.