Dynatrace, Inc. $DT Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of Dynatrace, Inc. (NYSE:DT) by 40.4% during the 1st quarter, HoldingsChannel reports. The firm owned 574,400 shares of the company’s stock after selling 390,000 shares during the quarter. Renaissance Technologies LLC’s holdings in Dynatrace were worth $21,241,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DT. V Square Quantitative Management LLC acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $26,000. Brown Lisle Cummings Inc. boosted its stake in Dynatrace by 218.8% during the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock worth $29,000 after buying an additional 547 shares during the last quarter. RHL Group LLC purchased a new stake in Dynatrace in the 4th quarter valued at $30,000. Larson Financial Group LLC grew its holdings in Dynatrace by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after buying an additional 508 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in shares of Dynatrace by 577.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company’s stock worth $55,000 after acquiring an additional 1,264 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of DT stock opened at $43.78 on Thursday. The firm has a market cap of $12.71 billion, a PE ratio of 81.08, a price-to-earnings-growth ratio of 2.82 and a beta of 0.73. The company has a 50-day moving average of $42.64 and a two-hundred day moving average of $39.28. Dynatrace, Inc. has a 1-year low of $31.64 and a 1-year high of $54.67.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The business had revenue of $531.72 million for the quarter, compared to the consensus estimate of $521.01 million. During the same period in the previous year, the firm earned $0.33 EPS. The business’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. Sell-side analysts anticipate that Dynatrace, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings upgraded Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Scotiabank cut their price objective on shares of Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 14th. DA Davidson lifted their target price on shares of Dynatrace from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Thursday, June 25th. Finally, TD Cowen increased their price target on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.42.

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.