California Public Employees Retirement System Raises Holdings in Dynatrace, Inc. (NYSE:DT)

California Public Employees Retirement System grew its position in Dynatrace, Inc. (NYSE:DT) by 0.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 431,069 shares of the company’s stock after purchasing an additional 1,834 shares during the quarter. California Public Employees Retirement System’s holdings in Dynatrace were worth $23,575,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Dynatrace during the 4th quarter worth $25,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Dynatrace during the 3rd quarter worth $35,000. Planned Solutions Inc. purchased a new stake in shares of Dynatrace during the 4th quarter worth $38,000. Lindbrook Capital LLC lifted its stake in shares of Dynatrace by 35.9% during the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Dynatrace by 48.8% during the 4th quarter. Blue Trust Inc. now owns 2,047 shares of the company’s stock worth $112,000 after purchasing an additional 671 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley assumed coverage on Dynatrace in a research note on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Dynatrace in a research report on Friday, February 9th. Capital One Financial started coverage on Dynatrace in a research report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price on the stock. Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Finally, Scotiabank upped their target price on Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Monday, February 5th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.08.

Dynatrace Stock Up 1.1 %

Shares of DT opened at $47.10 on Monday. Dynatrace, Inc. has a 52 week low of $40.57 and a 52 week high of $61.41. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 71.36, a PEG ratio of 4.04 and a beta of 1.07. The stock’s 50-day moving average price is $46.99 and its 200-day moving average price is $50.83.

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

Insider Transactions at Dynatrace

In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares in the company, valued at $847,614,494.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was 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 $847,614,494.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the transaction, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Insiders have sold 14,278,591 shares of company stock worth $750,893,396 over the last quarter. 0.54% of the stock is currently owned by insiders.

Dynatrace Company 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.