Dynatrace (NYSE:DT) Stock Price Down 8.2% – Here’s What Happened
by Sarita Garza · The Markets DailyDynatrace, Inc. (NYSE:DT – Get Free Report) was down 8.2% on Thursday . The company traded as low as $33.76 and last traded at $33.80. Approximately 3,894,466 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 6,790,259 shares. The stock had previously closed at $36.80.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on DT shares. DA Davidson decreased their price objective on shares of Dynatrace from $65.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Dynatrace in a report on Monday, December 29th. Wedbush decreased their price objective on shares of Dynatrace from $67.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Guggenheim reiterated a “buy” rating and set a $68.00 target price on shares of Dynatrace in a research note on Tuesday, February 10th. Finally, Stifel Nicolaus set a $51.00 target price on shares of Dynatrace in a research note on Monday, February 9th. Nineteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.48.
View Our Latest Stock Analysis on Dynatrace
Dynatrace Trading Down 4.3%
The firm has a market capitalization of $9.65 billion, a PE ratio of 53.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.79. The business’s 50 day simple moving average is $36.81 and its two-hundred day simple moving average is $42.40.
Dynatrace (NYSE:DT – Get Free Report) last announced its earnings results on Monday, February 9th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $515.47 million during the quarter, compared to analyst estimates of $506.31 million. Dynatrace had a net margin of 9.55% and a return on equity of 9.75%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. Dynatrace has set its FY 2026 guidance at 1.670-1.690 EPS and its Q4 2026 guidance at 0.380-0.390 EPS. As a group, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.
Dynatrace announced that its Board of Directors has initiated a share repurchase plan on Monday, February 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 9.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Insider Activity
In other Dynatrace news, EVP Stephen A. Mcmahon acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average price of $35.75 per share, with a total value of $107,250.00. Following the transaction, the executive vice president directly owned 3,454 shares in the company, valued at approximately $123,480.50. The trade was a 660.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Dynatrace
A number of hedge funds have recently modified their holdings of the business. Congress Asset Management Co. boosted its holdings in Dynatrace by 6.8% in the 3rd quarter. Congress Asset Management Co. now owns 3,331,422 shares of the company’s stock worth $161,407,000 after buying an additional 212,607 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Dynatrace by 5.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,077,181 shares of the company’s stock worth $52,039,000 after buying an additional 55,040 shares during the period. Penserra Capital Management LLC boosted its holdings in Dynatrace by 22.0% in the 3rd quarter. Penserra Capital Management LLC now owns 222,505 shares of the company’s stock worth $10,780,000 after buying an additional 40,136 shares during the period. Vontobel Holding Ltd. boosted its holdings in Dynatrace by 790.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 48,702 shares of the company’s stock worth $2,360,000 after buying an additional 43,233 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in Dynatrace by 63.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,040,475 shares of the company’s stock worth $50,411,000 after buying an additional 402,585 shares during the period. Institutional investors own 94.28% of the company’s stock.
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.