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

Other hedge funds have also modified their holdings of the company. CX Institutional acquired a new stake in Dynatrace during the first 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 valued at $43,000 after purchasing an additional 800 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Dynatrace in the first quarter worth $45,000. MassMutual Private Wealth & Trust FSB lifted its position in Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after acquiring an additional 256 shares during the period. Finally, Global Financial Private Client LLC increased its holdings in shares of Dynatrace by 344.0% in 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 in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Performance

NYSE DT traded up $0.20 on Wednesday, reaching $48.02. The company had a trading volume of 1,344,590 shares, compared to its average volume of 3,082,954. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 4.27 and a beta of 0.91. The company's fifty day moving average is $50.52 and its 200-day moving average is $50.46. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

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

Analyst Ratings Changes

A number of research firms recently commented on DT. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Guggenheim boosted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Oppenheimer started coverage on shares of Dynatrace in a report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 target price for the company. Finally, KeyCorp began coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.72.

Insider Activity 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 transaction of $50,417.01. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the sale, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,099 shares of company stock worth $154,429 over the last three months. Insiders own 0.57% of the company's stock.

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.