KBC Group NV Sells 26,145 Shares of Dynatrace, Inc. $DT

KBC Group NV lowered its position in Dynatrace, Inc. (NYSE:DT) by 70.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 11,112 shares of the company’s stock after selling 26,145 shares during the period. KBC Group NV’s holdings in Dynatrace were worth $411,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Pictet Asset Management Holding SA grew its stake in Dynatrace by 7.9% in the first quarter. Pictet Asset Management Holding SA now owns 15,809,223 shares of the company’s stock valued at $584,649,000 after acquiring an additional 1,160,690 shares during the period. State Street Corp raised its position in shares of Dynatrace by 1.0% during the fourth quarter. State Street Corp now owns 10,664,357 shares of the company’s stock worth $462,193,000 after purchasing an additional 101,994 shares during the period. Wellington Management Group LLP raised its position in shares of Dynatrace by 9.0% during the fourth quarter. Wellington Management Group LLP now owns 7,999,919 shares of the company’s stock worth $346,716,000 after purchasing an additional 659,792 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Dynatrace by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,098,443 shares of the company’s stock valued at $263,631,000 after purchasing an additional 137,225 shares in the last quarter. Finally, Eminence Capital LP lifted its holdings in shares of Dynatrace by 33.0% during the 4th quarter. Eminence Capital LP now owns 4,527,266 shares of the company’s stock valued at $196,212,000 after purchasing an additional 1,122,855 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wolfe Research reiterated an “outperform” rating and issued a $42.00 price objective on shares of Dynatrace in a research report on Thursday, May 14th. BMO Capital Markets raised their target price on shares of Dynatrace from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. BTIG Research cut their price target on shares of Dynatrace from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Canaccord Genuity Group reduced their price target on shares of Dynatrace from $50.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, Zacks Research upgraded shares of Dynatrace from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $49.42.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $41.67 on Friday. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 77.18, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. The stock’s 50-day moving average is $42.41 and its 200-day moving average is $39.29. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $55.49.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company 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%.Dynatrace’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities analysts expect that Dynatrace, Inc. will post 1.11 EPS for the current year.

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.