Norges Bank Purchases Shares of 1,587,034 Dynatrace, Inc. $DT

Norges Bank acquired 1,587,034 shares of Dynatrace, Inc., valued at $87.62 million, in Q2. Other investors like Vanguard and Goldman Sachs also increased their holdings. Analysts have mixed ratings, with a "Moderate Buy" consensus and a $61.59 average price target. Dynatrace's Q3 earnings beat estimates, with revenue up 18.1% year-over-year.

Norges Bank acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,587,034 shares of the company's stock, valued at approximately $87,620,000. Norges Bank owned about 0.53% of Dynatrace at the end of the most recent quarter.

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Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Dynatrace by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 31,403,014 shares of the company's stock worth $1,733,760,000 after acquiring an additional 1,084,307 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Dynatrace by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after purchasing an additional 1,124,207 shares during the period. American Century Companies Inc. lifted its position in shares of Dynatrace by 0.6% during the 2nd quarter. American Century Companies Inc. now owns 7,845,619 shares of the company's stock worth $433,157,000 after purchasing an additional 44,288 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Dynatrace by 79.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock worth $329,477,000 after purchasing an additional 3,092,576 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Dynatrace by 2.4% in the 2nd 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 during the last quarter. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DT. Weiss Ratings reiterated a "hold (c)" rating on shares of Dynatrace in a report on Monday. Scotiabank cut their target price on shares of Dynatrace from $67.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company initiated coverage on shares of Dynatrace in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $65.00 price target on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, November 6th. Finally, Citigroup reduced their target price on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and an average price target of $61.59.

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Read Our Latest Analysis on Dynatrace

Dynatrace Price Performance

Shares of NYSE:DT opened at $44.27 on Friday. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 3.53 and a beta of 0.87. The business's fifty day moving average price is $47.50 and its two-hundred day moving average price is $50.41. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

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Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Dynatrace had a net margin of 27.33% and a return on equity of 9.24%. The business had revenue of $493.85 million for the quarter, compared to analyst estimates of $487.33 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. Dynatrace has set its Q3 2026 guidance at 0.400-0.420 EPS and its FY 2026 guidance at 1.620-1.640 EPS. Research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on Monday, November 17th. The stock was sold at an average price of $46.69, for a total value of $93,380.00. Following the completion of the transaction, the chief accounting officer owned 23,380 shares in the company, valued at approximately $1,091,612.20. The trade was a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 30,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total value of $1,398,300.00. Following the sale, the chief executive officer owned 108,125 shares in the company, valued at $5,039,706.25. The trade was a 21.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 39,503 shares of company stock worth $1,866,830. Insiders own 0.57% of the company's stock.

Dynatrace Profile

(Free Report)

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.

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