Allstate Corp Boosts Stake in Dynatrace, Inc. $DT

Allstate Corp increased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 109.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,330 shares of the company’s stock after purchasing an additional 13,784 shares during the period. Allstate Corp’s holdings in Dynatrace were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Cim LLC raised its stake in shares of Dynatrace by 1.0% in the 3rd quarter. Cim LLC now owns 22,184 shares of the company’s stock valued at $1,075,000 after acquiring an additional 228 shares during the period. Orion Porfolio Solutions LLC raised its position in Dynatrace by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 16,983 shares of the company’s stock valued at $823,000 after purchasing an additional 231 shares during the last quarter. GAMMA Investing LLC raised its position in Dynatrace by 7.7% during the 4th quarter. GAMMA Investing LLC now owns 3,460 shares of the company’s stock worth $150,000 after buying an additional 246 shares during the last quarter. Assetmark Inc. grew its stake in shares of Dynatrace by 0.7% during the 4th quarter. Assetmark Inc. now owns 36,629 shares of the company’s stock worth $1,588,000 after purchasing an additional 248 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in shares of Dynatrace by 0.4% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 67,205 shares of the company’s stock worth $3,256,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Trading Up 5.1%

NYSE DT opened at $42.57 on Friday. Dynatrace, Inc. has a 1-year low of $31.64 and a 1-year high of $57.55. The firm has a market cap of $12.41 billion, a PE ratio of 78.83, a price-to-earnings-growth ratio of 2.72 and a beta of 0.70. The stock has a 50-day moving average of $37.43 and a 200-day moving average of $39.78.

Dynatrace (NYSE:DT) last posted its quarterly earnings results 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 return on equity of 10.37% and a net margin of 8.06%.The company 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 business posted $0.33 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. As a group, equities research analysts forecast that Dynatrace, Inc. will post 1.08 earnings per share for the current fiscal year.

Dynatrace announced that its Board of Directors has initiated a stock buyback program on Monday, February 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 9.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Dynatrace

In other news, EVP Stephen A. Mcmahon purchased 3,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of $35.75 per share, with a total value of $107,250.00. Following the acquisition, the executive vice president directly owned 3,454 shares of the company’s stock, valued at $123,480.50. This represents a 660.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Scotiabank reduced their price target on shares of Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating for the company in a report on Thursday, May 14th. Canaccord Genuity Group lowered their target price on Dynatrace from $50.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Morgan Stanley decreased their target price on Dynatrace from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Finally, Barclays cut their target price on Dynatrace from $47.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Twenty-one 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 company. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

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.