Assenagon Asset Management S.A. Sells 186,805 Shares of Dynatrace, Inc. $DT

Key Points

• Assenagon Asset Management reduced its Dynatrace stake by 6.7%, selling 186,805 shares during the third quarter while retaining 2.6 million shares worth approximately $150.3 million.
• Dynatrace reported quarterly EPS of $0.48, beating estimates by $0.03, while revenue rose 16.3% year over year to $554.6 million. Institutional investors own 94.28% of the company.
• Analyst sentiment remains positive, with 24 Buy ratings and seven Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $59.89.

Assenagon Asset Management S.A. cut its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,602,969 shares of the company's stock after selling 186,805 shares during the quarter. Assenagon Asset Management S.A. owned about 0.90% of Dynatrace worth $150,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CX Institutional boosted its holdings in Dynatrace by 1,119.0% during the second quarter. CX Institutional now owns 707 shares of the company's stock worth $31,000 after buying an additional 649 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in shares of Dynatrace by 218.8% during the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company's stock worth $29,000 after buying an additional 547 shares during the period. Elevation Wealth Partners LLC grew its position in shares of Dynatrace by 37.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 929 shares of the company's stock worth $54,000 after buying an additional 255 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Dynatrace by 577.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company's stock worth $55,000 after buying an additional 1,264 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Dynatrace by 115.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the company's stock worth $56,000 after buying an additional 811 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Up 0.3%

Dynatrace stock opened at $63.74 on Friday. The stock has a market capitalization of $18.42 billion, a PE ratio of 64.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.77. Dynatrace, Inc. has a twelve month low of $31.64 and a twelve month high of $66.30. The company has a 50 day moving average of $54.76 and a 200-day moving average of $45.59.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $554.55 million during the quarter, compared to analysts' expectations of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%. The company's revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. Equities analysts anticipate that Dynatrace, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $57.21, for a total value of $2,860,500.00. Following the completion of the sale, the executive vice president directly owned 904,846 shares in the company, valued at approximately $51,766,239.66. This trade represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $52.00 price target on shares of Dynatrace in a research report on Tuesday, August 4th. UBS Group upped their price objective on shares of Dynatrace from $65.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, October 1st. Weiss Ratings upgraded shares of Dynatrace from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, September 16th. BNP Paribas Exane raised Dynatrace from a "neutral" rating to an "outperform" rating and set a $75.00 price objective on the stock in a research note on Thursday, October 8th. Finally, Morgan Stanley upgraded Dynatrace from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $58.00 to $65.00 in a report on Tuesday, August 25th. Twenty-four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.89.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company's products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.

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