First Citizens Bank & Trust Co. Makes New Investment in Dynatrace, Inc. $DT

Key Points

• First Citizens Bank & Trust purchased 16,382 Dynatrace shares worth approximately $946,000 in the third quarter. Institutional investors and hedge funds collectively own 94.28% of the company.
• Dynatrace exceeded quarterly expectations, reporting adjusted EPS of $0.48 versus the $0.45 consensus estimate and revenue of $554.55 million, up 16.3% year over year.
• Analyst sentiment remains positive, with 24 Buy ratings and seven Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $59.89, below its reported $61.07 share price.

First Citizens Bank & Trust Co. purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,382 shares of the company's stock, valued at approximately $946,000.

Several other institutional investors and hedge funds have also made changes to their positions in DT. CX Institutional increased its holdings in shares of Dynatrace by 1,119.0% in the second quarter. CX Institutional now owns 707 shares of the company's stock valued at $31,000 after purchasing an additional 649 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in shares of Dynatrace by 218.8% during the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company's stock worth $29,000 after purchasing an additional 547 shares during the period. Elevation Wealth Partners LLC lifted its holdings in shares of Dynatrace by 37.8% during the third quarter. Elevation Wealth Partners LLC now owns 929 shares of the company's stock worth $54,000 after purchasing an additional 255 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Dynatrace by 577.2% during the first quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company's stock worth $55,000 after purchasing an additional 1,264 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Dynatrace by 115.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the company's stock valued at $56,000 after buying an additional 811 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the transaction, the executive vice president owned 904,846 shares of the company's stock, valued at $51,766,239.66. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.69% of the company's stock.

Dynatrace Price Performance

Shares of NYSE:DT opened at $61.07 on Friday. The business's 50 day moving average price is $55.00 and its 200-day moving average price is $45.70. Dynatrace, Inc. has a 1 year low of $31.64 and a 1 year high of $66.30. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 122.13, a price-to-earnings-growth ratio of 3.92 and a beta of 0.77.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $554.55 million during the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm's revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous 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, sell-side analysts expect that Dynatrace, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DT shares. Citigroup increased their price target on shares of Dynatrace from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, August 18th. TD Cowen lifted their price objective on shares of Dynatrace from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Rosenblatt Securities restated a "buy" rating and set a $52.00 price objective on shares of Dynatrace in a research note on Tuesday, August 4th. Needham & Company LLC raised shares of Dynatrace from a "hold" rating to a "buy" rating and set a $68.00 price objective on the stock in a report on Friday, September 18th. Finally, BNP Paribas Exane upgraded shares of Dynatrace from a "neutral" rating to an "outperform" rating and set a $75.00 price objective on the stock in a research note on Thursday, October 8th. Twenty-four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and a consensus target price of $59.89.

About Dynatrace

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company's products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.

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