Dynatrace, Inc. $DT Shares Sold by AXQ Capital LP

Key Points

• AXQ Capital LP cut its Dynatrace position by 75.6% in the second quarter, selling 50,509 shares and retaining 16,269 shares valued at approximately $714,000.
• Other institutional investors were active, including Wellington Management, which increased its holdings by 23.5%; institutions collectively own 94.28% of Dynatrace shares.
• Dynatrace exceeded quarterly earnings and revenue expectations, reporting $0.48 EPS and $554.55 million in revenue, while analysts maintain a “Moderate Buy” consensus with an average price target of $54.81.

AXQ Capital LP decreased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 75.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,269 shares of the company's stock after selling 50,509 shares during the period. AXQ Capital LP's holdings in Dynatrace were worth $714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nykredit A S acquired a new stake in shares of Dynatrace during the 2nd quarter valued at $489,000. Proficio Capital Partners LLC acquired a new stake in shares of Dynatrace during the second quarter worth $536,000. Kerrisdale Advisers LLC lifted its holdings in shares of Dynatrace by 76.3% during the second quarter. Kerrisdale Advisers LLC now owns 42,205 shares of the company's stock valued at $1,853,000 after purchasing an additional 18,270 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company's stock valued at $506,229,000 after purchasing an additional 2,191,497 shares during the period. Finally, Archer Investment Corp purchased a new position in Dynatrace in the 2nd quarter worth about $180,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

DT opened at $51.93 on Monday. The company has a market capitalization of $15.01 billion, a PE ratio of 103.86, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $54.83. The business has a 50-day moving average of $47.12 and a 200-day moving average of $41.42.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $554.55 million for the quarter, compared to the consensus estimate of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. Dynatrace's revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm 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. On average, equities research analysts expect that Dynatrace, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DT. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Dynatrace from $50.00 to $59.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Barclays raised their target price on Dynatrace from $48.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research report on Thursday, June 25th. Finally, Zacks Research lowered Dynatrace from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Twenty-three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and an average price target of $54.81.

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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