Victory Capital Management Inc. Sells 52,525 Shares of Dynatrace, Inc. $DT

Victory Capital Management Inc. lowered its position in Dynatrace, Inc. (NYSE:DT) by 16.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 265,704 shares of the company’s stock after selling 52,525 shares during the period. Victory Capital Management Inc.’s holdings in Dynatrace were worth $12,873,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in Dynatrace by 561.4% during the third quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares during the period. MAI Capital Management raised its position in shares of Dynatrace by 122.4% in the second quarter. MAI Capital Management now owns 547 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the period. VSM Wealth Advisory LLC purchased a new stake in shares of Dynatrace during the 2nd quarter valued at approximately $34,000. Hazlett Burt & Watson Inc. bought a new position in Dynatrace in the 3rd quarter worth approximately $37,000. Finally, First Horizon Corp bought a new position in Dynatrace in the 3rd quarter worth approximately $39,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DT has been the topic of a number of analyst reports. BTIG Research reissued a “buy” rating and set a $53.00 target price on shares of Dynatrace in a report on Thursday, February 19th. Keefe, Bruyette & Woods upgraded Dynatrace to a “buy” rating in a research report on Monday, February 9th. Morgan Stanley decreased their price objective on Dynatrace from $57.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 10th. KeyCorp increased their price objective on Dynatrace from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Finally, Barclays reduced their target price on Dynatrace from $57.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.52.

Dynatrace Stock Down 0.6%

Shares of NYSE DT opened at $37.53 on Thursday. The stock’s 50-day simple moving average is $38.41 and its two-hundred day simple moving average is $44.19. Dynatrace, Inc. has a twelve month low of $32.83 and a twelve month high of $57.55. The firm has a market capitalization of $11.19 billion, a P/E ratio of 61.52, a P/E/G ratio of 3.01 and a beta of 0.82.

Dynatrace (NYSE:DT) last issued its quarterly earnings results 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 firm had revenue of $515.47 million during the quarter, compared to the consensus estimate of $506.31 million. During the same quarter last year, the company posted $0.37 EPS. The company’s revenue for the quarter 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. As a group, research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Dynatrace announced that its board has authorized a share buyback program on Monday, February 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 9.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Stephen A. Mcmahon purchased 3,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $35.75 per share, with a total value of $107,250.00. Following the completion of the purchase, the executive vice president directly owned 3,454 shares in the company, valued at approximately $123,480.50. This trade represents a 660.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by insiders.

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.