VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Dynatrace, Inc. $DT

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Dynatrace, Inc. (NYSE:DT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,800 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Dynatrace by 3.0% in the second quarter. Nordea Investment Management AB now owns 22,785 shares of the company’s stock worth $1,252,000 after purchasing an additional 669 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of Dynatrace by 14.8% during the second quarter. WCM Investment Management LLC now owns 48,986 shares of the company’s stock valued at $2,689,000 after acquiring an additional 6,309 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Dynatrace by 97.5% during the second quarter. Allianz Asset Management GmbH now owns 1,974,808 shares of the company’s stock valued at $109,029,000 after acquiring an additional 975,042 shares in the last quarter. Bridges Investment Management Inc. raised its stake in shares of Dynatrace by 13.3% during the second quarter. Bridges Investment Management Inc. now owns 28,193 shares of the company’s stock valued at $1,557,000 after acquiring an additional 3,320 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Dynatrace by 2.7% during the second quarter. New York State Teachers Retirement System now owns 182,850 shares of the company’s stock valued at $10,095,000 after acquiring an additional 4,800 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 0.7%

Shares of NYSE:DT opened at $50.27 on Monday. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 4.44 and a beta of 0.88. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The firm has a 50 day moving average of $49.07 and a 200 day moving average of $50.47.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the transaction, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the transaction, the director directly owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,602 shares of company stock valued at $529,579. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DT has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Oppenheimer initiated coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price target for the company. Guggenheim lifted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Dynatrace from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Citigroup decreased their price target on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.96.

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.