California State Teachers Retirement System Purchases 13,596,525 Shares of Dynatrace, Inc. $DT

Key Points

• California State Teachers Retirement System increased its Dynatrace stake by 3,827.2%, acquiring 13.6 million additional shares and bringing its ownership to 13.95 million shares, or approximately 4.83% of the company.
• Wall Street sentiment remains favorable, with 22 analysts rating Dynatrace a Buy and eight a Hold. The stock has a “Moderate Buy” consensus rating and an average price target of $55.04.
• Dynatrace beat quarterly expectations with adjusted EPS of $0.48 versus $0.45 expected and revenue of $554.55 million, up 16.3% year over year; shares opened at $53.26.

California State Teachers Retirement System increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 3,827.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,951,788 shares of the company's stock after acquiring an additional 13,596,525 shares during the period. California State Teachers Retirement System owned about 4.83% of Dynatrace worth $612,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DT. Forsta AP Fonden lifted its holdings in shares of 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 acquiring an additional 75,500 shares during the last quarter. AXQ Capital LP grew its holdings in shares of Dynatrace by 651.7% during the 4th quarter. AXQ Capital LP now owns 34,548 shares of the company's stock valued at $1,497,000 after purchasing an additional 29,952 shares during the last quarter. Hsbc Holdings PLC increased its position in Dynatrace by 12.0% during the 4th quarter. Hsbc Holdings PLC now owns 243,259 shares of the company's stock worth $10,568,000 after purchasing an additional 26,129 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Dynatrace by 123,910.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,881,245 shares of the company's stock worth $81,533,000 after purchasing an additional 1,879,728 shares in the last quarter. Finally, Fox Run Management L.L.C. lifted its stake in Dynatrace by 98.4% in the 4th quarter. Fox Run Management L.L.C. now owns 53,422 shares of the company's stock valued at $2,315,000 after purchasing an additional 26,494 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. William Blair started coverage on Dynatrace in a research note on Thursday, May 21st. They issued an "outperform" rating for the company. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a report on Wednesday, August 5th. The Goldman Sachs Group boosted their price objective on Dynatrace from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Finally, KeyCorp upped their target price on Dynatrace from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Twenty-two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $55.04.

Dynatrace Stock Up 4.3%

Shares of NYSE:DT opened at $53.26 on Tuesday. The firm has a market cap of $15.39 billion, a P/E ratio of 106.53, a P/E/G ratio of 3.21 and a beta of 0.74. Dynatrace, Inc. has a 12-month low of $31.64 and a 12-month high of $54.83. The business has a fifty day simple moving average of $47.92 and a 200 day simple moving average of $42.10.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The business's revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. As a group, equities research analysts expect that Dynatrace, Inc. will post 1.08 EPS for the current year.

Dynatrace Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating cloud, hybrid, and multicloud environments. Its platform is designed to help businesses monitor the performance, availability, and security of applications, infrastructure, networks, and user experiences from a unified environment.

The company's offerings include application performance monitoring, infrastructure and cloud monitoring, log and analytics capabilities, digital experience monitoring, application security, and software delivery insights.

Want to see what other hedge funds are holding DT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynatrace, Inc. (NYSE:DT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.