New York State Common Retirement Fund Reduces Holdings in Dynatrace, Inc. (NYSE:DT)

New York State Common Retirement Fund lessened its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,897 shares of the company's stock after selling 5,400 shares during the quarter. New York State Common Retirement Fund's holdings in Dynatrace were worth $6,879,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Captrust Financial Advisors raised its position in Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock worth $342,000 after acquiring an additional 177 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Dynatrace by 6.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock valued at $183,000 after purchasing an additional 216 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Dynatrace by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock worth $3,583,000 after acquiring an additional 253 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares in the last quarter. Finally, Illumine Investment Management LLC raised its holdings in Dynatrace by 0.8% during the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock worth $1,585,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DT. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. DA Davidson increased their target price on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. UBS Group raised their price target on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Bank of America increased their price target on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Loop Capital decreased their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.35.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the business'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 completion of the transaction, the executive vice president owned 17,242 shares in the company, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.57% of the stock is currently owned by insiders.

Dynatrace Price Performance

Shares of NYSE DT traded down $0.56 during mid-day trading on Thursday, reaching $53.10. The company's stock had a trading volume of 501,886 shares, compared to its average volume of 2,962,635. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The stock has a fifty day moving average of $54.17 and a two-hundred day moving average of $52.40. The firm has a market capitalization of $16.02 billion, a PE ratio of 33.17, a P/E/G ratio of 4.59 and a beta of 0.91.

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

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.