Resona Asset Management Co. Ltd. Sells 90,727 Shares of Dynatrace, Inc. $DT

Resona Asset Management Co. Ltd. cut its holdings in Dynatrace, Inc. (NYSE:DT) by 82.5% during the first quarter, Holdings Channel reports. The institutional investor owned 19,258 shares of the company’s stock after selling 90,727 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Dynatrace were worth $712,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Forsta AP Fonden grew its holdings in Dynatrace by 60.4% in the fourth quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock worth $8,685,000 after purchasing an additional 75,500 shares during the period. UNIVEST FINANCIAL Corp purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $1,212,000. LBP AM SA lifted its holdings in shares of Dynatrace by 9.8% during the fourth quarter. LBP AM SA now owns 776,955 shares of the company’s stock valued at $33,673,000 after purchasing an additional 69,318 shares during the last quarter. AXQ Capital LP boosted its position in shares of Dynatrace by 651.7% in the 4th quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock worth $1,497,000 after purchasing an additional 29,952 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $1,938,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Up 1.0%

NYSE:DT opened at $45.03 on Wednesday. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 83.39, a PEG ratio of 2.86 and a beta of 0.73. The company’s 50 day moving average price is $41.67 and its 200-day moving average price is $39.28. Dynatrace, Inc. has a 52 week low of $31.64 and a 52 week high of $55.49.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $531.72 million during the quarter, compared to analyst estimates of $521.01 million. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. As a group, sell-side analysts anticipate that Dynatrace, Inc. will post 1.12 earnings per share for the current year.

Analyst Ratings Changes

DT has been the subject of a number of analyst reports. UBS Group raised Dynatrace from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $60.00 in a research report on Monday, June 15th. Rothschild & Co Redburn assumed coverage on Dynatrace in a report on Thursday, April 23rd. They issued a “neutral” rating and a $40.00 target price on the stock. BMO Capital Markets increased their target price on Dynatrace from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Rosenblatt Securities reduced their price target on Dynatrace from $60.00 to $52.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Morgan Stanley lowered their price target on Dynatrace from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Twenty-two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $48.27.

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.