VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Dynatrace, Inc. $DT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Dynatrace, Inc. (NYSE:DT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 126,470 shares of the company’s stock, valued at approximately $5,553,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in Dynatrace by 3,827.2% in the 2nd quarter. California State Teachers Retirement System now owns 13,951,788 shares of the company’s stock worth $612,623,000 after buying an additional 13,596,525 shares in the last quarter. HB Wealth Management LLC bought a new position in Dynatrace during the 2nd quarter valued at about $572,000. Fortitude Advisory Group L.L.C. bought a new position in Dynatrace during the 2nd quarter valued at about $380,000. AlphaGrep UK Ltd purchased a new stake in shares of Dynatrace during the 2nd quarter valued at about $416,000. Finally, Nykredit A S purchased a new stake in shares of Dynatrace during the 2nd quarter valued at about $489,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Down 2.9%

Shares of NYSE:DT opened at $50.39 on Wednesday. The firm’s 50 day moving average price is $47.40 and its 200-day moving average price is $41.63. Dynatrace, Inc. has a twelve month low of $31.64 and a twelve month high of $54.83. The stock has a market capitalization of $14.56 billion, a PE ratio of 100.77, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74.

Dynatrace (NYSE:DT) last posted its quarterly earnings data 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. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The company had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s revenue was up 16.3% compared to the same quarter last year. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. Analysts expect that Dynatrace, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. DA Davidson boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Barclays raised their target price on shares of Dynatrace from $48.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Wedbush set a $48.00 target price on shares of Dynatrace in a research report on Friday, May 15th. Rosenblatt Securities reiterated a “buy” rating and set a $52.00 target price on shares of Dynatrace in a research note on Tuesday, August 4th. Finally, Guggenheim cut Dynatrace from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Twenty-three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.81.

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.