Dynatrace, Inc. $DT Position Boosted by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its Dynatrace stake by 594.8% in the third quarter, adding 68,400 shares to hold 79,900 shares worth about $4.6 million.
• Dynatrace beat quarterly estimates, reporting adjusted earnings of $0.54 per share and revenue of $579.9 million, up 17.4% year over year. Its board also authorized a $1 billion share buyback.
• Analyst sentiment is broadly positive, with 24 Buy ratings and a consensus “Moderate Buy,” but concerns include delayed enterprise deals and several recent price-target cuts. Shares traded at $43.42 in Friday’s mid-day session.

Sumitomo Mitsui Trust Group Inc. lifted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 594.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,900 shares of the company's stock after buying an additional 68,400 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Dynatrace were worth $4,613,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC grew its holdings in Dynatrace by 2.9% during the third quarter. Apollon Wealth Management LLC now owns 6,277 shares of the company's stock worth $362,000 after acquiring an additional 174 shares during the period. Cooper Financial Group lifted its holdings in Dynatrace by 1.4% in the 3rd quarter. Cooper Financial Group now owns 13,354 shares of the company's stock valued at $771,000 after acquiring an additional 179 shares during the last quarter. North Dakota State Investment Board lifted its holdings in Dynatrace by 2.9% in the 3rd quarter. North Dakota State Investment Board now owns 8,985 shares of the company's stock valued at $519,000 after acquiring an additional 252 shares during the last quarter. Elevation Wealth Partners LLC boosted 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 valued at $54,000 after purchasing an additional 255 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Dynatrace by 2.8% during the 3rd quarter. Versant Capital Management Inc now owns 11,694 shares of the company's stock valued at $675,000 after purchasing an additional 315 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of research reports. Canaccord Genuity Group boosted their target price on shares of Dynatrace from $46.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. BTIG Research decreased their price target on shares of Dynatrace from $73.00 to $63.00 and set a "buy" rating on the stock in a research report on Tuesday. Truist Financial upped their price target on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, October 21st. Oppenheimer increased their price objective on Dynatrace from $60.00 to $71.00 and gave the company an "outperform" rating in a research report on Thursday, September 24th. Finally, Scotiabank reiterated an "outperform" rating and set a $61.00 price objective on shares of Dynatrace in a research report on Thursday, August 6th. Twenty-four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $62.00.

More Dynatrace News

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: Scotiabank maintained its Buy rating, signaling continued confidence in Dynatrace’s prospects. Scotiabank Sticks to Its Buy Rating for Dynatrace
• Positive Sentiment: Dynatrace’s board declared a share-buyback plan, which could support demand for the stock; the available report does not specify its size. Dynatrace Board Declares Share Buyback Plan
• Neutral Sentiment: Dynatrace is pairing AI security with observability, a strategic move that could open opportunities, though the article headline alone does not establish its likely near-term financial impact. Why Is Dynatrace Pairing AI Security With Observability Now?
• Negative Sentiment: Several analysts lowered price targets, including RBC to $68, Citi to $70, and Wedbush to $50 while retaining a Neutral rating. Although UBS also cut its target—to $75—it kept a Buy rating. Repeated reductions may add pressure despite targets remaining above the recent share price. RBC Cuts Dynatrace Price Target Citi Sets New Price Target Wedbush Trims Price Target
• Negative Sentiment: Commentary points to slower momentum and delayed enterprise deals weighing on the outlook, with Q4 seen as an important test. Shares also crossed below their 200-day moving average, a technical signal that can reinforce bearish sentiment. Dynatrace Q2 Review Delayed Enterprise Deals Weigh on Outlook Stock Crosses Below 200-Day Moving Average

Dynatrace Trading Down 0.6%

DT stock traded down $0.28 during mid-day trading on Friday, reaching $43.42. 9,776,876 shares of the stock traded hands, compared to its average volume of 7,832,414. Dynatrace, Inc. has a 52-week low of $31.64 and a 52-week high of $66.30. The stock's fifty day moving average is $57.24 and its 200-day moving average is $44.70. The company has a market cap of $12.55 billion, a P/E ratio of 80.40, a P/E/G ratio of 3.38 and a beta of 0.76.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The business had revenue of $579.92 million for the quarter, compared to the consensus estimate of $568.03 million. During the same period last year, the firm posted $0.44 earnings per share. The firm's quarterly revenue was up 17.4% compared to the same quarter last year. Equities research analysts expect that Dynatrace, Inc. will post 1.11 earnings per share for the current year.

Dynatrace announced that its Board of Directors has approved a stock buyback program on Tuesday, November 3rd that allows the company to repurchase $1 billion in outstanding shares. This repurchase authorization allows the company to buy up to 6.3% of its shares through open market purchases. Share repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

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

Dynatrace Profile

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company's products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.

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.