QRG Capital Management Inc. Sells 28,909 Shares of Dynatrace, Inc. $DT

QRG Capital Management Inc. cut its stake in shares of Dynatrace, Inc. (NYSE:DT) by 58.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,375 shares of the company’s stock after selling 28,909 shares during the period. QRG Capital Management Inc.’s holdings in Dynatrace were worth $753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA boosted its holdings in Dynatrace by 7.9% during the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock worth $584,649,000 after buying an additional 1,160,690 shares during the last quarter. State Street Corp increased its stake in shares of Dynatrace by 1.0% in the 4th quarter. State Street Corp now owns 10,664,357 shares of the company’s stock valued at $462,193,000 after acquiring an additional 101,994 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Dynatrace by 9.0% in the 4th quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock valued at $346,716,000 after acquiring an additional 659,792 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Dynatrace by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 6,098,443 shares of the company’s stock valued at $263,631,000 after acquiring an additional 137,225 shares during the last quarter. Finally, Eminence Capital LP raised its position in shares of Dynatrace by 33.0% in the 4th quarter. Eminence Capital LP now owns 4,527,266 shares of the company’s stock valued at $196,212,000 after acquiring an additional 1,122,855 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

NYSE:DT opened at $45.12 on Friday. The business’s 50-day simple moving average is $41.23 and its 200-day simple moving average is $39.27. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $56.00. The stock has a market capitalization of $13.15 billion, a PE ratio of 83.56, a price-to-earnings-growth ratio of 2.81 and a beta of 0.73.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $531.72 million during the quarter, compared to analysts’ expectations of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.Dynatrace’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. 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, research analysts expect that Dynatrace, Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

DT has been the topic of several recent analyst reports. Rosenblatt Securities reduced their price objective on shares of Dynatrace from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Weiss Ratings downgraded shares of Dynatrace from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. TD Cowen cut their target price on shares of Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. DA Davidson reduced their price target on shares of Dynatrace from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, Guggenheim lowered shares of Dynatrace from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Twenty-two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.27.

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.