New York State Teachers Retirement System Sells 14,767 Shares of Dynatrace, Inc. $DT

New York State Teachers Retirement System trimmed its position in shares of Dynatrace, Inc. (NYSE:DT) by 8.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,945 shares of the company’s stock after selling 14,767 shares during the period. New York State Teachers Retirement System’s holdings in Dynatrace were worth $6,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Dynatrace in the fourth quarter worth about $26,000. Brown Lisle Cummings Inc. lifted its stake in shares of Dynatrace by 218.8% during the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock worth $29,000 after acquiring an additional 547 shares during the last quarter. RHL Group LLC purchased a new position in Dynatrace during the 4th quarter valued at $30,000. Larson Financial Group LLC grew its position in Dynatrace by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after acquiring an additional 508 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in Dynatrace by 99.6% in the fourth quarter. True Wealth Design LLC now owns 896 shares of the company’s stock worth $39,000 after purchasing an additional 447 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

DT opened at $45.07 on Wednesday. The firm has a market capitalization of $13.14 billion, a PE ratio of 83.46, a price-to-earnings-growth ratio of 2.92 and a beta of 0.73. The business’s 50-day moving average is $40.88 and its two-hundred day moving average is $39.27. Dynatrace, Inc. has a 1 year low of $31.64 and a 1 year high of $57.55.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The firm had revenue of $531.72 million for the quarter, compared to the consensus estimate of $521.01 million. During the same quarter in the previous year, the firm earned $0.33 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. 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, sell-side analysts expect that Dynatrace, Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DT. Wedbush set a $48.00 price target on shares of Dynatrace in a report on Friday, May 15th. Guggenheim downgraded shares of Dynatrace from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Rothschild & Co Redburn started coverage on shares of Dynatrace in a research note on Thursday, April 23rd. They set a “neutral” rating and a $40.00 price target for the company. Jefferies Financial Group decreased their target price on Dynatrace from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Finally, Rosenblatt Securities dropped their price target on Dynatrace from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.88.

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.