Public Employees Retirement System of Ohio Buys 5,728 Shares of Dynatrace, Inc. (NYSE:DT)

Public Employees Retirement System of Ohio grew its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,580 shares of the company's stock after buying an additional 5,728 shares during the period. Public Employees Retirement System of Ohio's holdings in Dynatrace were worth $7,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its stake in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock worth $114,076,000 after acquiring an additional 981,964 shares during the last quarter. LaFleur & Godfrey LLC acquired a new stake in Dynatrace in the fourth quarter worth $352,000. Nisa Investment Advisors LLC boosted its position in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Dynatrace by 69.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,954 shares of the company's stock valued at $813,000 after buying an additional 6,154 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in Dynatrace by 3.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,189 shares of the company's stock worth $1,097,000 after buying an additional 703 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Trading Up 0.5%

Shares of NYSE:DT traded up $0.28 during trading on Thursday, hitting $53.90. 2,822,799 shares of the company were exchanged, compared to its average volume of 3,126,188. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 7.05 and a beta of 0.95. The firm has a fifty day moving average price of $47.68 and a two-hundred day moving average price of $52.58.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. As a group, research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DT. The Goldman Sachs Group boosted their target price on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Scotiabank raised their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. DA Davidson lifted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Loop Capital reduced their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.43.

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.