14,853 Dynatrace, Inc. $DT Shares Sold by TT International Asset Management LTD

TT International Asset Management LTD cut its stake in shares of Dynatrace, Inc. (NYSE:DT) by 54.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,356 shares of the company’s stock after selling 14,853 shares during the quarter. TT International Asset Management LTD’s holdings in Dynatrace were worth $713,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Dynatrace by 23.5% in the second quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after acquiring an additional 2,191,497 shares in the last quarter. Bank of America Corp DE lifted its stake 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 acquiring an additional 7,045,591 shares during the last quarter. First Trust Advisors LP grew its holdings in 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 acquiring an additional 5,958,505 shares in the last quarter. Amundi grew its holdings in Dynatrace by 461.5% during the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after acquiring an additional 5,127,910 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Dynatrace during the 1st quarter worth approximately $190,890,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace News Roundup

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: Fiscal Q2 adjusted earnings of $0.54 per share topped the $0.49 consensus, and revenue of $579.92 million exceeded estimates of $568.03 million. Revenue grew 17.4% year over year, indicating continued demand and growth. Dynatrace Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Dynatrace and CrowdStrike announced a strategic security and observability partnership, which could broaden the value of their offerings for enterprise customers. CrowdStrike and Dynatrace announce security and observability partnership
• Neutral Sentiment: Needham lowered its price target from $68 to $65, and BTIG cut its target from $73 to $63. Both firms maintained buy ratings, suggesting continued optimism but more conservative valuation expectations. Needham analyst ratings
• Negative Sentiment: Despite beating quarterly estimates, Dynatrace’s outlook was described as mixed. Investor concern about guidance appears to have outweighed the strong results and helps explain why the stock moved lower. Dynatrace drops as it offers mixed guidance after Q2 results

Insiders Place Their Bets

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

Dynatrace Stock Down 14.6%

DT stock opened at $47.06 on Wednesday. The business has a 50 day moving average price of $57.67 and a 200 day moving average price of $44.62. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 56.26, a PEG ratio of 3.38 and a beta of 0.76. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $66.30.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $579.92 million during the quarter, compared to the consensus estimate of $568.03 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, sell-side analysts anticipate that Dynatrace, Inc. will post 1.11 EPS for the current year.

Dynatrace announced that its Board of Directors has approved a stock buyback program on Tuesday, November 3rd that authorizes the company to buy back $1 billion in shares. This buyback authorization authorizes the company to repurchase up to 6.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of Dynatrace from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. TD Cowen lifted their price objective on shares of Dynatrace from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, October 26th. Royal Bank Of Canada lifted their price objective on shares of Dynatrace from $59.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. BNP Paribas Exane upgraded shares of Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Thursday, October 8th. Finally, Rosenblatt Securities increased their target price on Dynatrace from $62.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Twenty-four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.52.

About Dynatrace

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.