Strs Ohio Invests $38.96 Million in Dynatrace, Inc. $DT

Key Points

• Strs Ohio has invested approximately $38.96 million in Dynatrace, purchasing 826,356 shares of the company's stock, which represents about 0.28% of Dynatrace.
• Several major investors, including Vanguard and Goldman Sachs, have also increased their stakes in Dynatrace, contributing to the total institutional ownership of 94.28%.
• Dynatrace reported a 19.5% year-over-year revenue growth, with earnings per share of $0.42 for the last quarter, exceeding analyst expectations.

Strs Ohio purchased a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 826,356 shares of the company's stock, valued at approximately $38,963,000. Strs Ohio owned about 0.28% of Dynatrace as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CX Institutional acquired a new position in shares of Dynatrace during the 1st quarter worth approximately $40,000. Brooklyn Investment Group increased its position in shares of Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after purchasing an additional 800 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Dynatrace during the 1st quarter worth approximately $45,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares during the last quarter. Finally, Global Financial Private Client LLC increased its position in shares of Dynatrace by 344.0% during the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after purchasing an additional 860 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Price Performance

DT traded down $0.41 during trading on Monday, hitting $48.62. The stock had a trading volume of 4,533,862 shares, compared to its average volume of 3,083,097. The company has a 50 day moving average price of $50.85 and a 200-day moving average price of $50.54. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 4.31 and a beta of 0.91. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

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

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the transaction, the director directly owned 1,012 shares of the company's stock, valued at $50,367.24. The trade was a 50.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the transaction, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,099 shares of company stock valued at $154,429 over the last ninety days. Insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the topic of several recent analyst reports. Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday. Guggenheim lifted their target price on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Rosenblatt Securities reissued a "buy" rating and set a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. BMO Capital Markets cut their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Finally, Oppenheimer assumed coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Dynatrace Company 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.