Bank of America Corp DE Raises Position in Dynatrace, Inc. $DT

Key Points

• Bank of America increased its Dynatrace stake by 304.7% in the first quarter, acquiring 7.05 million additional shares to hold 9.36 million shares worth approximately $346 million, or 3.14% of the company.
• Dynatrace reported quarterly EPS of $0.41, beating estimates by $0.02, while revenue rose 19.4% year over year to $531.72 million. Institutional investors collectively own 94.28% of the stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $49.42 versus the recent share price of $44.30.

Bank of America Corp DE grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 304.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,357,612 shares of the company's stock after acquiring an additional 7,045,591 shares during the period. Bank of America Corp DE owned about 3.14% of Dynatrace worth $346,044,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Edgestream Partners L.P. purchased a new position in Dynatrace in the first quarter valued at $1,848,000. Janus Henderson Group PLC increased its holdings in Dynatrace by 3.2% during the 1st quarter. Janus Henderson Group PLC now owns 5,062,820 shares of the company's stock worth $187,225,000 after purchasing an additional 155,793 shares during the period. Amundi increased its holdings in Dynatrace by 461.5% during the 1st quarter. Amundi now owns 6,238,938 shares of the company's stock worth $230,716,000 after purchasing an additional 5,127,910 shares during the period. EverSource Wealth Advisors LLC raised its position in Dynatrace by 115.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the company's stock valued at $56,000 after purchasing an additional 811 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Dynatrace by 169.5% in the 1st quarter. Empowered Funds LLC now owns 16,477 shares of the company's stock valued at $609,000 after purchasing an additional 10,362 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Trading Down 0.0%

Shares of NYSE DT opened at $44.30 on Monday. The stock has a market cap of $12.86 billion, a P/E ratio of 82.05, a P/E/G ratio of 2.85 and a beta of 0.73. Dynatrace, Inc. has a twelve month low of $31.64 and a twelve month high of $54.01. The stock has a 50 day moving average of $42.80 and a two-hundred day moving average of $39.31.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $531.72 million for the quarter, compared to analyst estimates of $521.01 million. During the same period last year, the firm 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, research analysts predict that Dynatrace, Inc. will post 1.11 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on DT. Citigroup reduced their target price on shares of Dynatrace from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, May 14th. Jefferies Financial Group reiterated a "hold" rating on shares of Dynatrace in a report on Tuesday, July 21st. UBS Group upgraded shares of 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 report on Monday, June 15th. BMO Capital Markets lifted their price objective 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. Finally, Barclays increased their target price on Dynatrace from $44.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and a consensus price target of $49.42.

Dynatrace 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.

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