Dynatrace drops after unveiling $1.25 bln convertible

Dynatrace

17/08/2026 14:02

** AI-enhanced software firm Dynatrace DT.N shares down 3% at $47.68 premarket on Mon as it seeks capital raise
** Boston, Massachusetts-based DT offering privately $1.25 bln exchangeable notes due Sept 1, 2031
** Co intends to use net proceeds for general corp purposes
** It intends to use some proceeds to pay cost of hedge transactions, and use up to approx $200 mln to repurchase shares from investors in the exchangeable notes
** Co has $14.2 bln market cap
** Stock finished down 3% on Fri, trimming YTD gain to 13%
** Avg rating of 36 analysts is "buy"; median PT of $60 up from $45.50 a month ago, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))