California Public Employees Retirement System Reduces Stake in Dynatrace, Inc. $DT

California Public Employees Retirement System lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 14.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 653,973 shares of the company’s stock after selling 111,982 shares during the period. California Public Employees Retirement System’s holdings in Dynatrace were worth $24,184,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA increased its stake in Dynatrace by 7.9% in the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after purchasing an additional 1,160,690 shares during the last quarter. State Street Corp increased its position in shares of Dynatrace by 1.0% during the fourth quarter. State Street Corp now owns 10,664,357 shares of the company’s stock worth $462,193,000 after purchasing an additional 101,994 shares in the last quarter. Wellington Management Group LLP lifted its holdings 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 purchasing an additional 659,792 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 137,225 shares during the last quarter. Finally, Eminence Capital LP boosted 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 purchasing an additional 1,122,855 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $50.00 target price on shares of Dynatrace in a research report on Thursday, July 16th. Zacks Research upgraded shares of Dynatrace from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Canaccord Genuity Group lowered their price objective on shares of Dynatrace from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. The Goldman Sachs Group lifted their price objective on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Rosenblatt Securities decreased their target price on shares of Dynatrace from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.42.

Dynatrace Stock Down 3.5%

Shares of NYSE DT opened at $41.35 on Thursday. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 76.58, a price-to-earnings-growth ratio of 2.76 and a beta of 0.73. Dynatrace, Inc. has a 52 week low of $31.64 and a 52 week high of $55.49. The firm has a 50-day moving average price of $42.27 and a 200 day moving average price of $39.29.

Dynatrace (NYSE:DT) last issued its 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 net margin of 8.06% and a return on equity of 10.37%. The company had revenue of $531.72 million for the quarter, compared to analyst estimates of $521.01 million. During the same period in the prior year, the business posted $0.33 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Dynatrace, Inc. will post 1.11 EPS for the current fiscal year.

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.