Geode Capital Management LLC Has $263.63 Million Stake in Dynatrace, Inc. $DT

Geode Capital Management LLC grew its holdings in Dynatrace, Inc. (NYSE:DT) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,098,443 shares of the company’s stock after buying an additional 137,225 shares during the period. Geode Capital Management LLC’s holdings in Dynatrace were worth $263,631,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Dynatrace by 2.4% in 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 during the last quarter. Pictet Asset Management Holding SA increased its holdings in Dynatrace by 16.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock worth $634,985,000 after buying an additional 2,076,990 shares during the last quarter. State Street Corp increased its holdings in Dynatrace by 2.8% in the third quarter. State Street Corp now owns 10,562,363 shares of the company’s stock worth $511,746,000 after buying an additional 286,352 shares during the last quarter. American Century Companies Inc. increased its holdings in Dynatrace by 0.9% in the third quarter. American Century Companies Inc. now owns 7,919,446 shares of the company’s stock worth $383,697,000 after buying an additional 73,827 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Dynatrace by 719.3% in the third quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock worth $355,629,000 after buying an additional 6,444,262 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DT shares. Royal Bank Of Canada dropped their price objective on Dynatrace from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. UBS Group dropped their price objective on Dynatrace from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Citigroup dropped their price objective on Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. KeyCorp dropped their price objective on Dynatrace from $52.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, Canaccord Genuity Group dropped their price objective on Dynatrace from $50.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Twenty-one research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

Dynatrace Stock Up 1.0%

Shares of Dynatrace stock opened at $44.93 on Wednesday. The stock has a market capitalization of $13.10 billion, a P/E ratio of 83.21, a PEG ratio of 2.89 and a beta of 0.75. The stock has a 50 day moving average price of $37.54 and a two-hundred day moving average price of $39.72. Dynatrace, Inc. has a 12-month low of $31.64 and a 12-month high of $57.55.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $531.72 million during the quarter, compared to analysts’ expectations of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. 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 earnings per share for the current year.

Dynatrace announced that its Board of Directors has initiated a share repurchase program on Monday, February 9th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 9.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.