12,155 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 12,155 shares of the company’s stock, valued at approximately $665,000.

A number of other large investors have also bought and sold shares of the business. California Public Employees Retirement System grew its position in Dynatrace by 0.4% during the 4th quarter. California Public Employees Retirement System now owns 431,069 shares of the company’s stock worth $23,575,000 after acquiring an additional 1,834 shares during the last quarter. Jennison Associates LLC lifted its holdings in Dynatrace by 3,184.4% during the 4th quarter. Jennison Associates LLC now owns 724,667 shares of the company’s stock worth $39,632,000 after buying an additional 702,603 shares in the last quarter. OLD National Bancorp IN acquired a new position in Dynatrace during the 4th quarter worth $275,000. Handelsbanken Fonder AB lifted its holdings in 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 in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Dynatrace by 33.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,896 shares of the company’s stock worth $1,197,000 after buying an additional 5,503 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 1,991 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total value of $103,352.81. Following the completion of the transaction, the chief executive officer now owns 514,106 shares in the company, valued at approximately $26,687,242.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Matthias Dollentz-Scharer sold 2,076 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $107,765.16. Following the completion of the sale, the insider now directly owns 72,645 shares in the company, valued at approximately $3,771,001.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 1,991 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the sale, the chief executive officer now owns 514,106 shares of the company’s stock, valued at $26,687,242.46. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock worth $750,893,396 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

DT has been the topic of several research reports. Wolfe Research initiated coverage on Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 price objective on the stock. Morgan Stanley initiated coverage on Dynatrace in a report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price objective on the stock. Barclays reduced their price objective on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 20th. JMP Securities upped their price objective on Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a report on Friday, February 2nd. Finally, Truist Financial increased their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $61.08.

Dynatrace Trading Down 1.3 %

DT stock opened at $46.51 on Tuesday. The stock has a 50-day moving average price of $46.90 and a two-hundred day moving average price of $50.82. The stock has a market cap of $13.69 billion, a PE ratio of 70.47, a price-to-earnings-growth ratio of 4.04 and a beta of 1.07. Dynatrace, Inc. has a 1 year low of $40.57 and a 1 year high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. On average, analysts forecast that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

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.