AXQ Capital LP Purchases 29,952 Shares of Dynatrace, Inc. $DT

Key Points

• AXQ Capital LP significantly increased its stake in Dynatrace, boosting holdings by 651.7% in the fourth quarter to 34,548 shares valued at about $1.5 million.
• Dynatrace reported better-than-expected quarterly results, with earnings of $0.41 per share versus $0.39 expected and revenue of $531.72 million, up 19.4% year over year.
• The company’s board approved a $1 billion share repurchase program, and analysts currently rate the stock a Moderate Buy with an average price target of $46.50.

AXQ Capital LP raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 651.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,548 shares of the company's stock after purchasing an additional 29,952 shares during the period. AXQ Capital LP's holdings in Dynatrace were worth $1,497,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Cim LLC increased its stake in Dynatrace by 1.0% in the third quarter. Cim LLC now owns 22,184 shares of the company's stock valued at $1,075,000 after purchasing an additional 228 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of Dynatrace by 1.4% in the third quarter. Orion Porfolio Solutions LLC now owns 16,983 shares of the company's stock valued at $823,000 after buying an additional 231 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Dynatrace by 7.7% in the fourth quarter. GAMMA Investing LLC now owns 3,460 shares of the company's stock valued at $150,000 after buying an additional 246 shares during the period. Assetmark Inc. boosted its holdings in shares of Dynatrace by 0.7% in the fourth quarter. Assetmark Inc. now owns 36,629 shares of the company's stock valued at $1,588,000 after buying an additional 248 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Dynatrace by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 67,205 shares of the company's stock valued at $3,256,000 after buying an additional 264 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

Shares of DT stock opened at $44.48 on Tuesday. The stock has a market cap of $12.96 billion, a P/E ratio of 82.36, a P/E/G ratio of 2.84 and a beta of 0.75. The company has a fifty day moving average price of $37.54 and a two-hundred day moving average price of $39.72. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $57.55.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $521.01 million. During the same quarter last year, the company posted $0.33 earnings per share. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. 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, equities research analysts anticipate that Dynatrace, Inc. will post 1.08 EPS for the current fiscal year.

Dynatrace declared that its board has approved a stock repurchase plan on Monday, February 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

DT has been the subject of several research analyst reports. Wolfe Research reiterated an "outperform" rating and issued a $42.00 price target on shares of Dynatrace in a report on Thursday, May 14th. Guggenheim cut shares of Dynatrace from a "buy" rating to a "neutral" rating in a report on Wednesday, May 13th. Wells Fargo & Company reduced their price target on shares of Dynatrace from $65.00 to $50.00 and set an "overweight" rating for the company in a report on Tuesday, February 10th. UBS Group reduced their price target on shares of Dynatrace from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, May 14th. Finally, DA Davidson reduced their target price on shares of Dynatrace from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, May 14th. Twenty-one analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.50.

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.

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