Dynatrace, Inc. $DT Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in Dynatrace, Inc. (NYSE:DT) by 7.9% in the first quarter, Holdings Channel reports. The fund owned 15,809,223 shares of the company’s stock after buying an additional 1,160,690 shares during the period. Dynatrace makes up approximately 0.6% of Pictet Asset Management Holding SA’s portfolio, making the stock its 29th biggest holding. Pictet Asset Management Holding SA owned approximately 0.05% of Dynatrace worth $584,649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Dynatrace by 719.3% in the 3rd quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after purchasing an additional 6,444,262 shares in the last quarter. Scge Management L.P. acquired a new position in shares of Dynatrace during the second quarter worth $155,858,000. Alyeska Investment Group L.P. increased its holdings in Dynatrace by 1,201.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,888,249 shares of the company’s stock valued at $125,177,000 after buying an additional 2,666,373 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Dynatrace by 123,910.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,881,245 shares of the company’s stock valued at $81,533,000 after buying an additional 1,879,728 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Dynatrace in the fourth quarter valued at $71,369,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

Dynatrace stock opened at $43.27 on Friday. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $57.55. The company has a market capitalization of $12.61 billion, a P/E ratio of 80.14, a PEG ratio of 2.78 and a beta of 0.75. The stock has a 50-day simple moving average of $39.57 and a 200-day simple moving average of $39.31.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $531.72 million during the quarter, compared to analysts’ expectations of $521.01 million. Dynatrace had a return on equity of 10.37% and a net margin of 8.06%.The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. As a group, analysts forecast that Dynatrace, Inc. will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DT shares. Rosenblatt Securities decreased their price target on Dynatrace from $60.00 to $52.00 and set a “buy” rating for the company in a report on Friday, May 1st. Scotiabank decreased their target price on Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Thursday. Truist Financial set a $45.00 price target on shares of Dynatrace in a research note on Wednesday, April 15th. Finally, Barclays cut their price objective on shares of Dynatrace from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Twenty-two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and an average price target of $47.88.

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.