New York State Teachers Retirement System Lowers Stock Holdings in Dynatrace, Inc. $DT

New York State Teachers Retirement System lessened its holdings in Dynatrace, Inc. (NYSE:DT) by 8.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 168,945 shares of the company’s stock after selling 14,767 shares during the period. New York State Teachers Retirement System owned 0.06% of Dynatrace worth $6,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Forsta AP Fonden raised its stake in Dynatrace by 60.4% during the 4th quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock valued at $8,685,000 after purchasing an additional 75,500 shares during the period. UNIVEST FINANCIAL Corp purchased a new stake in Dynatrace during the 4th quarter valued at approximately $1,212,000. LBP AM SA raised its position in shares of Dynatrace by 9.8% during the fourth quarter. LBP AM SA now owns 776,955 shares of the company’s stock valued at $33,673,000 after buying an additional 69,318 shares during the last quarter. Temasek Holdings Private Ltd raised its position in shares of Dynatrace by 125.1% during the third quarter. Temasek Holdings Private Ltd now owns 1,989,098 shares of the company’s stock valued at $96,372,000 after buying an additional 1,105,508 shares during the last quarter. Finally, AXQ Capital LP lifted its holdings in shares of Dynatrace by 651.7% in the fourth quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock worth $1,497,000 after buying an additional 29,952 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DT shares. Guggenheim cut shares of Dynatrace from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Truist Financial set a $45.00 price target on shares of Dynatrace in a research note on Wednesday, April 15th. Wedbush set a $48.00 price objective on Dynatrace in a research report on Friday, May 15th. BTIG Research reduced their target price on Dynatrace from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Barclays decreased their target price on Dynatrace from $47.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Twenty-two equities 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.88.

Dynatrace Trading Down 1.0%

Shares of NYSE:DT opened at $45.07 on Wednesday. Dynatrace, Inc. has a 12 month low of $31.64 and a 12 month high of $57.55. The company has a 50-day moving average price of $40.88 and a 200 day moving average price of $39.27. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 83.46, a PEG ratio of 2.92 and a beta of 0.73.

Dynatrace (NYSE:DT) last issued 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. 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 earnings per share. The firm’s revenue for the quarter 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, equities analysts forecast that Dynatrace, Inc. will post 1.12 EPS for the current year.

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.