Teacher Retirement System of Texas Buys New Shares in Dynatrace, Inc. (NYSE:DT)

Teacher Retirement System of Texas purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 46,129 shares of the company's stock, valued at approximately $2,175,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DT. Smartleaf Asset Management LLC increased its stake in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in Dynatrace in the fourth quarter valued at about $38,000. Coppell Advisory Solutions LLC increased its stake in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares during the period. CX Institutional acquired a new position in Dynatrace in the first quarter valued at about $40,000. Finally, Opal Wealth Advisors LLC acquired a new position in Dynatrace in the first quarter valued at about $45,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.59% of the stock is currently owned by insiders.

Dynatrace Price Performance

DT traded down $1.40 during mid-day trading on Friday, hitting $51.39. The stock had a trading volume of 2,506,342 shares, compared to its average volume of 2,994,801. The stock's fifty day simple moving average is $53.61 and its 200-day simple moving average is $52.51. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 4.61 and a beta of 0.91. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

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

Wall Street Analyst Weigh In

DT has been the topic of a number of recent analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Tuesday, May 13th. UBS Group boosted their price target on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. BMO Capital Markets boosted their price target on shares of Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Royal Bank Of Canada boosted their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Barclays boosted their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $62.26.

Dynatrace Profile

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.