Wellington Management Group LLP Buys 2,191,497 Shares of Dynatrace, Inc. $DT

Wellington Management Group LLP grew its stake in Dynatrace, Inc. (NYSE:DT) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,528,792 shares of the company’s stock after acquiring an additional 2,191,497 shares during the period. Wellington Management Group LLP’s holdings in Dynatrace were worth $506,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Pictet Asset Management Holding SA grew its stake in shares of Dynatrace by 7.9% during 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 raised its position in Dynatrace by 1.0% in the 4th 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 during the last quarter. Bank of America Corp DE raised its position in Dynatrace by 304.7% in the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock worth $346,044,000 after purchasing an additional 7,045,591 shares during the last quarter. First Trust Advisors LP lifted its holdings in Dynatrace by 706.8% during the 1st quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock worth $251,520,000 after buying an additional 5,958,505 shares in the last quarter. Finally, Amundi lifted its holdings in Dynatrace by 461.5% during the 1st quarter. Amundi now owns 6,238,938 shares of the company’s stock worth $230,716,000 after buying an additional 5,127,910 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on DT shares. Morgan Stanley raised Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $58.00 to $65.00 in a research note on Tuesday. Cantor Fitzgerald upped their price target on Dynatrace from $37.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. The Goldman Sachs Group raised their price target on Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Dynatrace in a research report on Wednesday, August 5th. Finally, TD Cowen boosted their price objective on Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.81.

Dynatrace Trading Up 0.4%

NYSE DT opened at $53.63 on Friday. Dynatrace, Inc. has a 12 month low of $31.64 and a 12 month high of $54.61. The stock has a 50-day simple moving average of $45.95 and a 200 day simple moving average of $40.84. The company has a market capitalization of $15.50 billion, a PE ratio of 107.26, a P/E/G ratio of 3.28 and a beta of 0.72.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. As a group, sell-side analysts predict that Dynatrace, Inc. will post 1.11 earnings per share for the current fiscal year.

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.