Principal Financial Group Inc. Trims Holdings in Dynatrace, Inc. $DT

Principal Financial Group Inc. reduced its stake in Dynatrace, Inc. (NYSE:DT) by 2.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 726,995 shares of the company’s stock after selling 20,496 shares during the quarter. Principal Financial Group Inc.’s holdings in Dynatrace were worth $26,884,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Dynatrace by 719.3% in the 3rd quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after purchasing an additional 6,444,262 shares during the last quarter. Scge Management L.P. acquired a new position in Dynatrace during the second quarter worth $155,858,000. Alyeska Investment Group L.P. boosted its position in shares of Dynatrace by 1,201.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,888,249 shares of the company’s stock worth $125,177,000 after buying an additional 2,666,373 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Dynatrace by 16.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock worth $634,985,000 after buying an additional 2,076,990 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Dynatrace by 123,910.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,881,245 shares of the company’s stock valued at $81,533,000 after buying an additional 1,879,728 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the topic of several research reports. Weiss Ratings raised Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Canaccord Genuity Group dropped their target price on Dynatrace from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. The Goldman Sachs Group boosted their price target on shares of Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Guggenheim cut shares of Dynatrace from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. Finally, Rosenblatt Securities dropped their price objective on shares of Dynatrace from $60.00 to $52.00 and set a “buy” rating for the company in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and an average price target of $48.88.

Dynatrace Stock Up 0.7%

Shares of Dynatrace stock opened at $44.72 on Tuesday. Dynatrace, Inc. has a 52-week low of $31.64 and a 52-week high of $55.49. The company has a 50 day moving average of $42.06 and a 200 day moving average of $39.30. The company has a market capitalization of $12.98 billion, a P/E ratio of 82.82, a P/E/G ratio of 2.85 and a beta of 0.73.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 EPS 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 during the quarter, compared to analysts’ expectations of $521.01 million. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s 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 earnings per share 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.