Public Employees Retirement System of Ohio Purchases Shares of 85,267 Dynatrace, Inc. $DT

Public Employees Retirement System of Ohio acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 85,267 shares of the company’s stock, valued at approximately $3,744,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its position in Dynatrace by 25.3% during the first quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock valued at $431,000 after acquiring an additional 1,846 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Dynatrace by 19.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock worth $102,000 after purchasing an additional 348 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Dynatrace by 21.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after purchasing an additional 272 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Dynatrace by 38.9% in the 2nd quarter. Invesco Ltd. now owns 793,630 shares of the company’s stock valued at $43,816,000 after purchasing an additional 222,395 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Dynatrace during the 2nd quarter worth about $410,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Trading Up 3.8%

DT opened at $52.82 on Friday. Dynatrace, Inc. has a twelve month low of $31.64 and a twelve month high of $54.83. The firm has a market cap of $15.26 billion, a price-to-earnings ratio of 105.64, a PEG ratio of 3.11 and a beta of 0.74. The company has a fifty day simple moving average of $46.95 and a 200 day simple moving average of $41.32.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. On average, analysts forecast that Dynatrace, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on DT. DA Davidson raised their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and issued a $52.00 price objective on shares of Dynatrace in a research report on Tuesday, August 4th. Wolfe Research reissued an “outperform” rating and issued a $42.00 target price on shares of Dynatrace in a research note on Thursday, May 14th. UBS Group restated a “buy” rating and set a $65.00 target price on shares of Dynatrace in a report on Monday, August 24th. Finally, KeyCorp upped their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Twenty-three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $54.81.

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.