Dynatrace, Inc. $DT Position Increased by Vestcor Inc

Vestcor Inc grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 39.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 106,846 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Vestcor Inc’s holdings in Dynatrace were worth $4,631,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of DT. NewEdge Advisors LLC boosted its holdings in shares of Dynatrace by 25.3% during the first quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock valued at $431,000 after acquiring an additional 1,846 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Dynatrace by 19.2% during the first quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock valued at $102,000 after acquiring an additional 348 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Dynatrace by 21.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after acquiring an additional 272 shares during the period. Invesco Ltd. boosted its holdings in shares of Dynatrace by 38.9% during the second quarter. Invesco Ltd. now owns 793,630 shares of the company’s stock valued at $43,816,000 after acquiring an additional 222,395 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Dynatrace during the second quarter valued at $410,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DT. JPMorgan Chase & Co. reduced their price target on shares of Dynatrace from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. KeyCorp reduced their price target 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. UBS Group reduced their price target on shares of Dynatrace from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Truist Financial set a $45.00 price target on shares of Dynatrace in a report on Wednesday, April 15th. Finally, Canaccord Genuity Group reduced their price target on shares of Dynatrace from $50.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Twenty-one research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $46.50.

Dynatrace Stock Down 2.3%

DT stock opened at $42.26 on Friday. The company has a market capitalization of $12.32 billion, a P/E ratio of 78.25, a PEG ratio of 2.74 and a beta of 0.75. The company has a 50-day simple moving average of $38.03 and a 200 day simple moving average of $39.68. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $57.55.

Dynatrace (NYSE:DT) last posted 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. The business had revenue of $531.72 million during the quarter, compared to the consensus estimate of $521.01 million. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. Equities analysts anticipate that Dynatrace, Inc. will post 1.11 EPS for the current year.

Dynatrace announced that its board has authorized a stock repurchase program on Monday, February 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 9.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.