Ontario Teachers Pension Plan Board Has $210,000 Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Key Points

• Ontario Teachers Pension Plan Board reduced its stake in Dynatrace, Inc. by 65.9%, selling 8,597 shares to hold a total of 4,455 shares, valued at $210,000.
• New institutional investments included significant stakes from Dragoneer Investment Group and Alyeska Investment Group, reflecting ongoing interest in Dynatrace despite Ontario Teachers' divestment.
• Dynatrace's stock price has decreased by 1.3%, with a current market cap of $13.95 billion and analysts setting an average price target of $62.57 with a general rating of "Moderate Buy."

Ontario Teachers Pension Plan Board lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 65.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,455 shares of the company's stock after selling 8,597 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Dynatrace were worth $210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DT. Keybank National Association OH grew its holdings in Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after purchasing an additional 170,380 shares during the last quarter. Bridges Investment Management Inc. grew its stake in shares of Dynatrace by 82.4% in the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after acquiring an additional 11,234 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after purchasing an additional 4,697 shares during the period. Teacher Retirement System of Texas bought a new position in Dynatrace in the first quarter worth $2,175,000. Finally, Lecap Asset Management Ltd. bought a new position in Dynatrace in the first quarter worth $3,846,000. Institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

Shares of Dynatrace stock traded up $0.07 during trading on Wednesday, hitting $46.81. 132,526 shares of the company were exchanged, compared to its average volume of 3,026,921. The firm has a market capitalization of $14.11 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 3.97 and a beta of 0.91. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The firm's fifty day moving average price is $53.41 and its 200 day moving average price is $52.27.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. As a group, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction 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. The trade was a 47.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.57% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wedbush reaffirmed an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Friday, May 16th. Barclays raised their target price on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. BMO Capital Markets reduced their target price on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Finally, Loop Capital reduced their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus price target of $62.57.

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.