New York State Common Retirement Fund Sells 5,400 Shares of Dynatrace, Inc. (NYSE:DT)

New York State Common Retirement Fund decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 3.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,897 shares of the company’s stock after selling 5,400 shares during the period. New York State Common Retirement Fund’s holdings in Dynatrace were worth $6,879,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DT. Corient Private Wealth LLC purchased a new stake in shares of Dynatrace during the fourth quarter valued at approximately $258,000. Magnetar Financial LLC purchased a new stake in shares of Dynatrace during the fourth quarter valued at approximately $405,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Dynatrace by 0.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock valued at $3,583,000 after buying an additional 253 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Dynatrace during the fourth quarter valued at approximately $2,519,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Dynatrace during the fourth quarter valued at approximately $5,544,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT stock opened at $53.26 on Monday. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 4.65 and a beta of 0.91. The company’s fifty day moving average price is $54.07 and its 200-day moving average price is $52.41. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $445.17 million during the quarter, compared to analysts’ expectations of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. Dynatrace’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. Equities research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DT has been the topic of a number of recent analyst reports. Bank of America increased their price target on shares of Dynatrace from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Wedbush restated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Rosenblatt Securities restated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Tuesday, May 13th. UBS Group raised their target price on shares of Dynatrace from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Finally, The Goldman Sachs Group raised their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $62.26.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares of the company’s stock, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.57% of the stock is owned by insiders.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.