Ion Asset Management Ltd. Sells 100,000 Shares of Dynatrace, Inc. $DT

Ion Asset Management Ltd. lessened its position in Dynatrace, Inc. (NYSE:DT) by 33.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,000 shares of the company’s stock after selling 100,000 shares during the quarter. Dynatrace makes up about 1.1% of Ion Asset Management Ltd.’s portfolio, making the stock its 20th biggest position. Ion Asset Management Ltd. owned about 0.07% of Dynatrace worth $9,690,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DT. Vanguard Group Inc. lifted its position in shares of Dynatrace by 2.4% in the third quarter. Vanguard Group Inc. now owns 32,142,909 shares of the company’s stock worth $1,557,324,000 after purchasing an additional 739,895 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Dynatrace by 0.9% during the 3rd quarter. American Century Companies Inc. now owns 7,919,446 shares of the company’s stock worth $383,697,000 after purchasing an additional 73,827 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Dynatrace by 719.3% in the third quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after buying an additional 6,444,262 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Dynatrace by 2.4% in the second quarter. Geode Capital Management LLC now owns 5,757,417 shares of the company’s stock valued at $316,948,000 after buying an additional 134,478 shares in the last quarter. Finally, Eminence Capital LP increased its holdings in Dynatrace by 5.6% during the third quarter. Eminence Capital LP now owns 3,404,411 shares of the company’s stock worth $164,944,000 after buying an additional 179,300 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 0.8%

Shares of DT stock opened at $38.32 on Monday. The firm has a 50 day moving average price of $38.23 and a two-hundred day moving average price of $44.01. The company has a market capitalization of $11.43 billion, a PE ratio of 62.82, a price-to-earnings-growth ratio of 3.06 and a beta of 0.82. Dynatrace, Inc. has a 12-month low of $32.83 and a 12-month high of $57.55.

Dynatrace (NYSE:DT) last posted its earnings results on Monday, February 9th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $515.47 million for the quarter, compared to the consensus estimate of $506.31 million. Dynatrace had a return on equity of 9.75% and a net margin of 9.55%.The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. Dynatrace has set its FY 2026 guidance at 1.670-1.690 EPS and its Q4 2026 guidance at 0.380-0.390 EPS. As a group, research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Dynatrace declared that its board has approved a stock buyback plan on Monday, February 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 9.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Stephen A. Mcmahon acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $35.75 per share, with a total value of $107,250.00. Following the acquisition, the executive vice president directly owned 3,454 shares in the company, valued at $123,480.50. This represents a 660.79% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DT. Jefferies Financial Group cut their price target on shares of Dynatrace from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Robert W. Baird set a $47.00 target price on shares of Dynatrace in a research note on Tuesday, February 10th. BTIG Research restated a “buy” rating and issued a $53.00 price objective on shares of Dynatrace in a research note on Thursday, February 19th. KeyCorp lifted their target price on Dynatrace from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dynatrace in a research note on Monday, December 29th. Nineteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.48.

About Dynatrace

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.