Thrivent Financial for Lutherans Sells 23,833 Shares of Dynatrace, Inc. $DT

Thrivent Financial for Lutherans decreased its position in Dynatrace, Inc. (NYSE:DT) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 300,599 shares of the company’s stock after selling 23,833 shares during the period. Thrivent Financial for Lutherans owned 0.10% of Dynatrace worth $13,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Dynatrace by 719.3% during the third 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. bought a new position in Dynatrace in the second quarter worth approximately $155,858,000. Pictet Asset Management Holding SA lifted its holdings in Dynatrace by 16.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock worth $634,985,000 after buying an additional 2,076,990 shares during the period. Freestone Grove Partners LP increased its holdings in shares of Dynatrace by 2,618.6% in the 3rd quarter. Freestone Grove Partners LP now owns 1,429,738 shares of the company’s stock valued at $69,271,000 after acquiring an additional 1,377,148 shares during the period. Finally, Boston Trust Walden Corp bought a new position in shares of Dynatrace in the 4th quarter worth $49,986,000. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other news, EVP Stephen A. Mcmahon acquired 3,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $35.75 per share, for a total transaction of $107,250.00. Following the purchase, the executive vice president owned 3,454 shares in the company, valued at approximately $123,480.50. This represents a 660.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

NYSE DT opened at $39.79 on Tuesday. The firm has a market capitalization of $11.87 billion, a P/E ratio of 73.68, a PEG ratio of 2.57 and a beta of 0.70. The stock has a 50-day simple moving average of $37.13 and a two-hundred day simple moving average of $40.24. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $57.55.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The company had revenue of $531.72 million for the quarter, compared to analyst estimates of $521.01 million. During the same quarter last year, the business earned $0.33 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. 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 1.08 earnings per share for the current year.

Dynatrace declared that its Board of Directors has approved a share buyback program on Monday, February 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DT shares. Wedbush set a $48.00 price objective on shares of Dynatrace in a research report on Friday. TD Cowen cut their price target on shares of Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Rosenblatt Securities reduced 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. Truist Financial set a $45.00 price objective on Dynatrace in a report on Wednesday, April 15th. Finally, Guggenheim cut Dynatrace from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. Twenty investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $46.50.

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.