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Starboard Takes Stake, Pushes $2.5B Dynatrace Buybacks

4/28/2026

45 4 Full Breakdown

Summary

Story summary

Starboard Value took a major stake in Dynatrace, becoming a top-five shareholder and urging faster buybacks.
Dynatrace shares jumped 8% after-hours, rose over 6% later, and closed up 0.9% at $10.6 billion.
Dynatrace raised its 2026 revenue forecast to $2.005-$2.010 billion.
Starboard suggested over $2.5 billion in buybacks over three years, on top of a $1 billion plan, and disclosed a sizable stake in Flowserve Corp.

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Story summary

Starboard Value took a major stake in Dynatrace, becoming a top-five shareholder and urging faster buybacks.
Dynatrace shares jumped 8% after-hours, rose over 6% later, and closed up 0.9% at $10.6 billion.
Dynatrace raised its 2026 revenue forecast to $2.005-$2.010 billion.
Starboard suggested over $2.5 billion in buybacks over three years, on top of a $1 billion plan, and disclosed a sizable stake in Flowserve Corp.