Readystate Asset Management LP Buys New Position in Dynatrace, Inc. $DT

Readystate Asset Management LP purchased a new position in Dynatrace, Inc. (NYSE:DT) during the 3rd quarter, HoldingsChannel reports. The firm purchased 21,636 shares of the company’s stock, valued at approximately $1,048,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Dynatrace by 2.4% during the third quarter. Vanguard Group Inc. now owns 32,142,909 shares of the company’s stock worth $1,557,324,000 after acquiring an additional 739,895 shares during the period. American Century Companies Inc. grew its position in Dynatrace by 0.6% in the 2nd quarter. American Century Companies Inc. now owns 7,845,619 shares of the company’s stock worth $433,157,000 after purchasing an additional 44,288 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dynatrace by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 5,757,417 shares of the company’s stock worth $316,948,000 after purchasing an additional 134,478 shares during the period. Congress Asset Management Co. increased its holdings in shares of Dynatrace by 6.8% during the 3rd quarter. Congress Asset Management Co. now owns 3,331,422 shares of the company’s stock worth $161,407,000 after purchasing an additional 212,607 shares during the period. Finally, Westfield Capital Management Co. LP raised its position in shares of Dynatrace by 1.4% during the second quarter. Westfield Capital Management Co. LP now owns 2,951,726 shares of the company’s stock valued at $162,965,000 after buying an additional 41,173 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DT. Stifel Nicolaus set a $51.00 price target on Dynatrace in a research note on Monday, February 9th. Truist Financial decreased their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Wells Fargo & Company cut their target price on Dynatrace from $65.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Citigroup decreased their price target on shares of Dynatrace from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Finally, TD Cowen lowered their price target on shares of Dynatrace from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Nineteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.52.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 7,505 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $45.27, for a total transaction of $339,751.35. Following the sale, the executive vice president directly owned 8,925 shares of the company’s stock, valued at approximately $404,034.75. This represents a 45.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 7,843 shares of company stock valued at $354,744 in the last quarter. 0.57% of the stock is owned by insiders.

Dynatrace Price Performance

Shares of NYSE:DT opened at $36.47 on Thursday. The business’s fifty day moving average price is $40.67 and its two-hundred day moving average price is $45.42. Dynatrace, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $62.66. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 59.78, a price-to-earnings-growth ratio of 2.92 and a beta of 0.84.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Dynatrace had a return on equity of 9.75% and a net margin of 9.55%.The company had revenue of $515.47 million during the quarter, compared to analysts’ expectations of $506.31 million. During the same period last year, the business earned $0.37 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. Dynatrace has set its FY 2026 guidance at 1.670-1.690 EPS and its Q4 2026 guidance at 0.380-0.390 EPS. Research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Dynatrace declared that its Board of Directors has approved a stock repurchase program on Monday, February 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 9.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.