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46,129 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by Teacher Retirement System of Texas

Dynatrace logo with Computer and Technology background

Teacher Retirement System of Texas purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 46,129 shares of the company's stock, valued at approximately $2,175,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Dragoneer Investment Group LLC bought a new stake in Dynatrace during the fourth quarter worth approximately $242,380,000. Alyeska Investment Group L.P. acquired a new position in shares of Dynatrace in the 4th quarter valued at $204,000,000. Norges Bank purchased a new position in Dynatrace during the 4th quarter worth approximately $192,284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Dynatrace by 53.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after buying an additional 1,350,794 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Dynatrace in the fourth quarter worth about $51,731,000. 94.28% of the stock is owned by institutional investors.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction on Monday, June 9th. The stock was 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 in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.59% of the company's stock.

Dynatrace Price Performance

NYSE DT opened at $56.25 on Thursday. The firm has a market cap of $16.86 billion, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 4.85 and a beta of 0.91. The stock's 50-day moving average is $53.44 and its two-hundred day moving average is $52.55. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The business had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same period in the previous year, the business earned $0.30 EPS. Dynatrace's revenue was up 16.9% compared to the same quarter last year. On average, equities analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley set a $55.00 price target on Dynatrace in a research note on Thursday, May 15th. Loop Capital decreased their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. KeyCorp assumed coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective on the stock. Bank of America upped 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. Finally, DA Davidson increased their price objective on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $62.26.

Check Out Our Latest Stock Report on Dynatrace

About Dynatrace

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynatrace, Inc. (NYSE:DT - Free Report).

Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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