Assenagon Asset Management S.A. Purchases 480,734 Shares of Dynatrace, Inc. $DT

Assenagon Asset Management S.A. raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 80.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,078,560 shares of the company’s stock after buying an additional 480,734 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Dynatrace were worth $39,885,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC grew its position in shares of Dynatrace by 25.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock worth $431,000 after buying an additional 1,846 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Dynatrace by 19.2% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Dynatrace by 21.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock worth $85,000 after purchasing an additional 272 shares during the last quarter. Invesco Ltd. grew its holdings in Dynatrace by 38.9% in the second quarter. Invesco Ltd. now owns 793,630 shares of the company’s stock worth $43,816,000 after purchasing an additional 222,395 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Dynatrace during the second quarter worth $410,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of DT opened at $40.28 on Friday. The firm has a market capitalization of $11.74 billion, a PE ratio of 74.59, a price-to-earnings-growth ratio of 2.61 and a beta of 0.75. Dynatrace, Inc. has a 1-year low of $31.64 and a 1-year high of $57.55. The company’s fifty day moving average price is $39.41 and its 200-day moving average price is $39.29.

Dynatrace (NYSE:DT) last issued 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. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The company had revenue of $531.72 million during the quarter, compared to analyst estimates of $521.01 million. During the same quarter last year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. 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, research analysts anticipate that Dynatrace, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DT has been the subject of several analyst reports. Weiss Ratings lowered Dynatrace from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 18th. Morgan Stanley dropped their target price on Dynatrace from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. KeyCorp reduced their target price on Dynatrace from $52.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Rothschild & Co Redburn assumed coverage on Dynatrace in a research note on Thursday, April 23rd. They issued a “neutral” rating and a $40.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on Dynatrace from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Twenty-two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $47.88.

About Dynatrace

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.