Hsbc Holdings PLC Purchases 26,129 Shares of Dynatrace, Inc. $DT

Hsbc Holdings PLC raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 12.0% in the fourth quarter, Holdings Channel reports. The fund owned 243,259 shares of the company’s stock after buying an additional 26,129 shares during the quarter. Hsbc Holdings PLC’s holdings in Dynatrace were worth $10,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Dynatrace by 45.3% during the fourth quarter. Pacer Advisors Inc. now owns 410,484 shares of the company’s stock worth $17,790,000 after buying an additional 128,056 shares during the last quarter. Kera Capital Partners Inc. bought a new position in Dynatrace during the fourth quarter worth $343,000. Virtu Financial LLC bought a new position in Dynatrace during the fourth quarter worth $661,000. Invesco Ltd. raised its stake in Dynatrace by 20.9% during the 4th quarter. Invesco Ltd. now owns 991,160 shares of the company’s stock valued at $42,957,000 after purchasing an additional 171,267 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Dynatrace by 1,226.6% in the 4th quarter. Corient Private Wealth LLC now owns 202,894 shares of the company’s stock valued at $8,793,000 after purchasing an additional 187,600 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DT. BMO Capital Markets raised their price target on shares of Dynatrace from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Canaccord Genuity Group cut their price objective on shares of Dynatrace from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Wolfe Research reiterated an “outperform” rating and issued a $42.00 target price on shares of Dynatrace in a research note on Thursday, May 14th. Rothschild & Co Redburn initiated coverage on Dynatrace in a research report on Thursday, April 23rd. They set a “neutral” rating and a $40.00 target price on the stock. Finally, TD Cowen lowered their price target on Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Twenty-two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.88.

Dynatrace Price Performance

Shares of DT stock opened at $40.28 on Friday. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $57.55. The stock has a fifty day moving average price of $39.41 and a 200 day moving average price of $39.29. The stock has a market cap of $11.74 billion, a P/E ratio of 74.59, a price-to-earnings-growth ratio of 2.61 and a beta of 0.75.

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

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.