Ion Asset Management Ltd. Sells 100,000 Shares of Dynatrace, Inc. $DT

Ion Asset Management Ltd. cut its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 33.3% during the 3rd quarter, Holdings Channel reports. The firm owned 200,000 shares of the company’s stock after selling 100,000 shares during the period. Dynatrace makes up 1.1% of Ion Asset Management Ltd.’s holdings, making the stock its 20th largest holding. Ion Asset Management Ltd.’s holdings in Dynatrace were worth $9,690,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew 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 buying an additional 739,895 shares in the last quarter. American Century Companies Inc. raised its holdings in Dynatrace by 0.9% in the 3rd quarter. American Century Companies Inc. now owns 7,919,446 shares of the company’s stock valued at $383,697,000 after acquiring an additional 73,827 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Dynatrace by 719.3% during the 3rd quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after acquiring an additional 6,444,262 shares during the period. Geode Capital Management LLC lifted its position 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 valued at $316,948,000 after acquiring an additional 134,478 shares during the period. Finally, Eminence Capital LP grew its holdings in shares of Dynatrace by 5.6% during the 3rd quarter. Eminence Capital LP now owns 3,404,411 shares of the company’s stock worth $164,944,000 after purchasing an additional 179,300 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Performance

Shares of NYSE DT opened at $38.32 on Monday. Dynatrace, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $57.55. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 62.82, a PEG ratio of 3.06 and a beta of 0.82. The firm’s 50-day simple moving average is $38.23 and its 200 day simple moving average is $44.01.

Dynatrace (NYSE:DT) last released 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 business had revenue of $515.47 million during the quarter, compared to the consensus estimate of $506.31 million. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s quarterly 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. On average, sell-side analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Dynatrace declared that its board has initiated a stock repurchase plan on Monday, February 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 9.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Canaccord Genuity Group set a $50.00 target price on Dynatrace in a report on Tuesday, February 10th. TD Cowen cut their target price on shares of Dynatrace from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods raised shares of Dynatrace to a “buy” rating in a report on Monday, February 9th. Cantor Fitzgerald decreased their price target on shares of Dynatrace from $51.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Finally, BTIG Research reissued a “buy” rating and issued a $53.00 price objective on shares of Dynatrace in a research note on Thursday, February 19th. Nineteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $53.48.

Insider Buying and Selling at Dynatrace

In other news, EVP Stephen A. Mcmahon purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average cost of $35.75 per share, for a total transaction of $107,250.00. Following the completion of the acquisition, the executive vice president owned 3,454 shares in the company, valued at $123,480.50. This trade represents a 660.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is owned by insiders.

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.