Dynatrace slides as software peers weaken and no fresh company catalyst emerges

Dynatrace (DT) is down 4.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is a mix of software-sector weakness and stock-specific profit-taking rather than a clear new negative announcement from Dynatrace. This could be because peers in cloud and observability software also traded lower, while Dynatrace had not posted a fresh adverse filing or guidance change heading into the session. ([ir.dynatrace.com](https://ir.dynatrace.com/sec-filings/all-sec-filings/content/0001773383-26-000023/0001773383-26-000023.pdf))

Details:

The software group was under pressure, with the iShares Expanded Tech-Software ETF down on the day, suggesting a sector move rather than an isolated company event.

Two close observability peers also fell sharply, which supports the view that investors were selling high-multiple software names broadly.

Dynatrace’s latest major company update was its May 13 fiscal 2026 results and fiscal 2027 outlook, which included expectations for double-digit ARR and revenue growth and continued buybacks. ([ir.dynatrace.com](https://ir.dynatrace.com/news-events/press-releases/detail/425/dynatrace-reports-fourth-quarter-and-full-year-fiscal-2026-financial-results))

A July 17 Form 4 showed share withholding tied to vesting for the chief accounting officer, which reads as a routine tax-related transaction rather than discretionary open-market selling. ([ir.dynatrace.com](https://ir.dynatrace.com/sec-filings/all-sec-filings/content/0001989382-26-000014/wk-form4_1784321865.html))

Sources:

Dynatrace, SEC, Market data

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$DT Insider Trading Activity

$DT insiders have traded $DT stock on the open market 8 times in the past 6 months. Of those trades, 1 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $DT stock by insiders over the last 6 months:

STEPHEN A MCMAHON (EVP, Chief Customer Officer) purchased 3,000 shares for an estimated $107,250
BERND GREIFENEDER (EVP, Chief Technology Officer) has made 0 purchases and 7 sales selling 332 shares for an estimated $13,753.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$DT Hedge Fund Activity

We have seen 266 institutional investors add shares of $DT stock to their portfolio, and 355 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS GROUP AG added 10,469,619 shares (+1615.6%) to their portfolio in Q1 2026, for an estimated $387,166,510
BROWN ADVISORY INC removed 7,095,776 shares (-73.5%) from their portfolio in Q1 2026, for an estimated $262,401,796
BANK OF AMERICA CORP /DE/ added 7,045,591 shares (+304.7%) to their portfolio in Q1 2026, for an estimated $260,545,955
FIRST TRUST ADVISORS LP added 5,958,505 shares (+706.8%) to their portfolio in Q1 2026, for an estimated $220,345,514
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 5,161,983 shares (+inf%) to their portfolio in Q1 2026, for an estimated $190,890,131
FMR LLC removed 5,157,313 shares (-93.7%) from their portfolio in Q1 2026, for an estimated $190,717,434
AMUNDI added 5,127,910 shares (+461.5%) to their portfolio in Q1 2026, for an estimated $189,630,111

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$DT Analyst Ratings

Wall Street analysts have issued reports on $DT in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

William Blair issued a "Outperform" rating on 05/21/2026
Rosenblatt issued a "Buy" rating on 05/01/2026
DA Davidson issued a "Buy" rating on 04/29/2026
BTIG issued a "Buy" rating on 02/19/2026

To track analyst ratings and price targets for $DT, check out Quiver Quantitative's $DT forecast page.

$DT Price Targets

Multiple analysts have issued price targets for $DT recently. We have seen 25 analysts offer price targets for $DT in the last 6 months, with a median target of $47.0.

Here are some recent targets:

Miller Jump from Truist Securities set a target price of $55.0 on 07/09/2026
Matthew Martino from Goldman Sachs set a target price of $50.0 on 06/18/2026
Keith Bachman from BMO Capital set a target price of $50.0 on 06/16/2026
Radi Sultan from UBS set a target price of $60.0 on 06/16/2026
Brent Thill from Jefferies set a target price of $45.0 on 05/15/2026
Fatima Boolani from Citigroup set a target price of $50.0 on 05/14/2026
Lucky Schreiner from DA Davidson set a target price of $45.0 on 05/14/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.