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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace during the 4th quarter valued at approximately $38,000. Coppell Advisory Solutions LLC raised its position in shares of Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares in the last quarter. CX Institutional acquired a new stake in shares of Dynatrace during the 1st quarter valued at approximately $40,000. Finally, Huntington National Bank raised its position in shares of Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DT shares. Wedbush reissued an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Rosenblatt Securities reissued a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research report on Tuesday, May 13th. DA Davidson upped their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Barclays upped their price target on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.26.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.59% of the company's stock.

Dynatrace Trading Down 6.0%

DT stock traded down $3.40 during trading on Thursday, hitting $52.79. The company had a trading volume of 3,462,038 shares, compared to its average volume of 2,989,044. The business has a 50 day moving average of $53.44 and a 200 day moving average of $52.55. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 4.85 and a beta of 0.91. 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 released its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $445.17 million for 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 quarter last year, the company earned $0.30 EPS. As a group, equities analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

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.