Retirement Systems of Alabama Raises Position in Dynatrace, Inc. (NYSE:DT)

Retirement Systems of Alabama grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 298,658 shares of the company’s stock after purchasing an additional 2,033 shares during the quarter. Retirement Systems of Alabama’s holdings in Dynatrace were worth $16,334,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DT. American Century Companies Inc. increased its holdings in shares of Dynatrace by 11,824.1% during the 3rd quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock worth $112,702,000 after buying an additional 2,391,545 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Dynatrace by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock worth $1,117,596,000 after buying an additional 1,940,604 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Dynatrace by 104.7% during the 4th quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after buying an additional 956,000 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Dynatrace in the 4th quarter valued at $45,152,000. Finally, Jennison Associates LLC increased its holdings in Dynatrace by 3,184.4% in the 4th quarter. Jennison Associates LLC now owns 724,667 shares of the company’s stock valued at $39,632,000 after purchasing an additional 702,603 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the sale, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the transaction, the insider now owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is owned by company insiders.

Dynatrace Stock Down 2.6 %

Shares of NYSE DT opened at $45.31 on Wednesday. The firm’s 50-day moving average price is $46.80 and its two-hundred day moving average price is $50.81. Dynatrace, Inc. has a 52-week low of $40.57 and a 52-week high of $61.41. The stock has a market capitalization of $13.34 billion, a P/E ratio of 68.65, a P/E/G ratio of 4.04 and a beta of 1.07.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The company had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. As a group, equities research analysts expect that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DT shares. JMP Securities increased their price target on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a report on Friday, February 2nd. TD Cowen lowered their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a report on Friday, April 19th. Scotiabank raised their target price on Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Monday, February 5th. Wolfe Research started coverage on Dynatrace in a research note on Monday, March 18th. They set an “outperform” rating and a $60.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.08.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments. It operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.