Dynatrace, Inc. $DT Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 71.0% in the 1st quarter, HoldingsChannel reports. The firm owned 10,606 shares of the company’s stock after selling 26,023 shares during the quarter. Assetmark Inc.’s holdings in Dynatrace were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in 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 in the last quarter. Jones Financial Companies Lllp boosted its position in Dynatrace by 19.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock worth $102,000 after purchasing an additional 348 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Dynatrace by 21.3% in the 2nd 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 in the last quarter. Invesco Ltd. grew its stake in shares of Dynatrace by 38.9% during the 2nd 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 period. Finally, Marshall Wace LLP acquired a new stake in shares of Dynatrace during the 2nd quarter worth approximately $410,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Up 0.1%

DT opened at $41.67 on Monday. The company has a market cap of $12.10 billion, a PE ratio of 77.18, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. Dynatrace, Inc. has a twelve month low of $31.64 and a twelve month high of $55.49. The company has a 50-day moving average price of $42.41 and a 200 day moving average price of $39.27.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) 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 analysts’ expectations of $521.01 million. During the same period in the previous year, the firm posted $0.33 EPS. Dynatrace’s 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, sell-side analysts expect that Dynatrace, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DT. KeyCorp lifted their target price on shares of Dynatrace from $47.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. dropped their price target on shares of Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings raised shares of Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Rothschild & Co Redburn initiated coverage on shares of Dynatrace in a report on Thursday, April 23rd. They issued a “neutral” rating and a $40.00 price objective for the company. Finally, Truist Financial upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $49.42.

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.