William Blair Investment Management LLC Sells 181,985 Shares of Dynatrace, Inc. $DT

by · The Cerbat Gem

William Blair Investment Management LLC lessened its holdings in Dynatrace, Inc. (NYSE:DT – Free Report) by 5.4% during the 4th quarter, Holdings Channel reports. The firm owned 3,215,853 shares of the company’s stock after selling 181,985 shares during the period. William Blair Investment Management LLC’s holdings in Dynatrace were worth $139,375,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DT. V Square Quantitative Management LLC bought a new position in shares of Dynatrace in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC boosted its stake in shares of Dynatrace by 561.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock valued at $28,000 after purchasing an additional 494 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of 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 purchasing an additional 508 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of Dynatrace in the 3rd quarter valued at about $37,000. Finally, True Wealth Design LLC boosted its stake in shares of Dynatrace by 99.6% in the 4th quarter. True Wealth Design LLC now owns 896 shares of the company’s stock valued at $39,000 after purchasing an additional 447 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE:DT opened at $41.33 on Friday. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 76.55, a P/E/G ratio of 2.76 and a beta of 0.70. The firm’s 50 day simple moving average is $37.27 and its 200 day simple moving average is $40.04. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $57.55.

Dynatrace (NYSE:DT – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.41 EPS for the quarter, topping 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 firm had revenue of $531.72 million for the quarter, compared to the consensus estimate of $521.01 million. During the same period last year, the company posted $0.33 EPS. The business’s quarterly 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. Equities research analysts expect that Dynatrace, Inc. will post 1.08 earnings per share for the current year.

Dynatrace announced that its Board of Directors has initiated a stock buyback program on Monday, February 9th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 9.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, EVP Stephen A. Mcmahon acquired 3,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $35.75 per share, with a total value of $107,250.00. Following the completion of the transaction, the executive vice president directly owned 3,454 shares of the company’s stock, valued at approximately $123,480.50. The trade was a 660.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DT shares. BMO Capital Markets reduced their target price on shares of Dynatrace from $45.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. UBS Group cut their price target on shares of Dynatrace from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Wedbush set a $48.00 price target on shares of Dynatrace in a research report on Friday, May 15th. Truist Financial set a $45.00 price target on shares of Dynatrace in a research report on Wednesday, April 15th. Finally, Guggenheim downgraded shares of Dynatrace from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. Twenty-one equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Read Our Latest Stock Analysis on DT

Dynatrace Profile

(Free Report)

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.

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