Louisiana State Employees Retirement System Invests $3.66 Million in Dynatrace, Inc. (NYSE:DT)

Louisiana State Employees Retirement System purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 67,000 shares of the company's stock, valued at approximately $3,664,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DT. Ardsley Advisory Partners LP bought a new stake in Dynatrace in the 3rd quarter worth approximately $1,881,000. Raymond James & Associates boosted its stake in shares of Dynatrace by 10.8% during the 4th quarter. Raymond James & Associates now owns 235,222 shares of the company's stock worth $12,864,000 after acquiring an additional 22,903 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Dynatrace by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company's stock worth $188,717,000 after acquiring an additional 375,463 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of Dynatrace by 24.1% during the 3rd quarter. Bamco Inc. NY now owns 694,360 shares of the company's stock worth $32,447,000 after acquiring an additional 134,792 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Dynatrace during the 4th quarter worth $45,152,000. Institutional investors own 94.28% of the company's stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, SVP Dan Zugelder sold 6,596 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total transaction of $371,025.00. Following the transaction, the senior vice president now owns 96,020 shares in the company, valued at approximately $5,401,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Dan Zugelder sold 6,596 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total value of $371,025.00. Following the sale, the senior vice president now owns 96,020 shares in the company, valued at $5,401,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,285,187 shares of company stock worth $751,264,421. 0.54% of the stock is owned by corporate insiders.

Dynatrace Stock Performance

NYSE:DT traded down $0.91 during midday trading on Monday, reaching $44.94. 3,039,088 shares of the stock traded hands, compared to its average volume of 3,548,770. Dynatrace, Inc. has a 12-month low of $40.43 and a 12-month high of $61.41. The business has a 50-day moving average of $48.54 and a two-hundred day moving average of $50.93. The stock has a market capitalization of $13.23 billion, a PE ratio of 68.09, a price-to-earnings-growth ratio of 3.92 and a beta of 1.07.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The company had revenue of $365.10 million during the quarter, compared to analysts' expectations of $357.64 million. Research analysts anticipate that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

DT has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Dynatrace from a "hold" rating to a "buy" rating and lifted their price target for the stock from $50.00 to $70.00 in a research note on Friday, January 5th. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Monday, April 1st. Citigroup boosted their target price on shares of Dynatrace from $58.00 to $68.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. JMP Securities boosted their target price on shares of Dynatrace from $56.00 to $68.00 and gave the stock a "market outperform" rating in a report on Friday, February 2nd. Finally, Morgan Stanley started coverage on shares of Dynatrace in a report on Tuesday, February 13th. They set an "equal weight" rating and a $60.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average target price of $61.04.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.