Sumitomo Mitsui Trust Group Inc. Acquires 68,400 Shares of Dynatrace, Inc. $DT

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 594.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 79,900 shares of the company’s stock after purchasing an additional 68,400 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Dynatrace were worth $4,613,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Dynatrace in the third quarter valued at about $39,000. CX Institutional grew its stake in shares of Dynatrace by 1,119.0% in the 2nd quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after buying an additional 649 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Dynatrace by 37.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 929 shares of the company’s stock valued at $54,000 after buying an additional 255 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Dynatrace in the third quarter valued at approximately $86,000. Finally, EverSource Wealth Advisors LLC lifted its stake 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 acquiring an additional 811 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Scotiabank reissued an “outperform” rating and issued a $61.00 target price on shares of Dynatrace in a research report on Thursday, August 6th. BTIG Research cut their price target on shares of Dynatrace from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday. TD Cowen lifted their price objective on shares of Dynatrace from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, October 26th. KeyCorp upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Barclays lowered their target price on shares of Dynatrace from $71.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday. Twenty-four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $57.21, for a total value of $2,860,500.00. Following the completion of the sale, the executive vice president directly owned 904,846 shares in the company, valued at approximately $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by corporate insiders.

Dynatrace Price Performance

Shares of DT stock traded down $0.28 during trading on Friday, reaching $43.42. The company had a trading volume of 9,776,876 shares, compared to its average volume of 7,832,414. The firm’s 50 day simple moving average is $57.24 and its two-hundred day simple moving average is $44.70. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $66.30. The company has a market capitalization of $12.55 billion, a PE ratio of 80.40, a PEG ratio of 3.38 and a beta of 0.76.

Dynatrace (NYSE:DT) last announced its earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%. The firm had revenue of $579.92 million during the quarter, compared to analysts’ expectations of $568.03 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis. Analysts forecast that Dynatrace, Inc. will post 1.11 earnings per share for the current year.

Dynatrace declared that its board has initiated a share repurchase plan on Tuesday, November 3rd that permits the company to buy back $1 billion in shares. This repurchase authorization permits the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Trending Headlines about Dynatrace

Here are the key news stories impacting Dynatrace this week:

• Positive Sentiment: Scotiabank maintained its Buy rating, signaling continued confidence in Dynatrace’s prospects. Scotiabank Sticks to Its Buy Rating for Dynatrace
• Positive Sentiment: Dynatrace’s board declared a share-buyback plan, which could support demand for the stock; the available report does not specify its size. Dynatrace Board Declares Share Buyback Plan
• Neutral Sentiment: Dynatrace is pairing AI security with observability, a strategic move that could open opportunities, though the article headline alone does not establish its likely near-term financial impact. Why Is Dynatrace Pairing AI Security With Observability Now?
• Negative Sentiment: Several analysts lowered price targets, including RBC to $68, Citi to $70, and Wedbush to $50 while retaining a Neutral rating. Although UBS also cut its target—to $75—it kept a Buy rating. Repeated reductions may add pressure despite targets remaining above the recent share price. RBC Cuts Dynatrace Price Target Citi Sets New Price Target Wedbush Trims Price Target
• Negative Sentiment: Commentary points to slower momentum and delayed enterprise deals weighing on the outlook, with Q4 seen as an important test. Shares also crossed below their 200-day moving average, a technical signal that can reinforce bearish sentiment. Dynatrace Q2 Review Delayed Enterprise Deals Weigh on Outlook Stock Crosses Below 200-Day Moving Average

About Dynatrace

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.