Strs Ohio Buys 136,954 Shares of Dynatrace, Inc. (NYSE:DT)

Strs Ohio boosted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 28.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 620,083 shares of the company's stock after acquiring an additional 136,954 shares during the quarter. Strs Ohio owned 0.21% of Dynatrace worth $33,912,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Dynatrace by 50.9% in the first quarter. Advisory Services Network LLC now owns 661 shares of the company's stock valued at $28,000 after acquiring an additional 223 shares during the last quarter. Avior Wealth Management LLC boosted its position in Dynatrace by 3.0% in the third quarter. Avior Wealth Management LLC now owns 8,047 shares of the company's stock valued at $376,000 after buying an additional 234 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Dynatrace by 2.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company's stock valued at $416,000 after buying an additional 240 shares in the last quarter. Shell Asset Management Co. boosted its position in Dynatrace by 1.7% in the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company's stock valued at $748,000 after buying an additional 263 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Dynatrace by 3.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,988 shares of the company's stock valued at $420,000 after buying an additional 265 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Down 0.9 %

DT traded down $0.42 during midday trading on Tuesday, hitting $44.52. The company had a trading volume of 2,182,163 shares, compared to its average volume of 3,530,052. Dynatrace, Inc. has a 52 week low of $40.43 and a 52 week high of $61.41. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 67.46, a PEG ratio of 3.92 and a beta of 1.07. The stock's 50 day moving average price is $48.24 and its 200 day moving average price is $50.92.

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

Wall Street Analysts Forecast Growth

DT has been the topic of a number of research analyst reports. Citigroup raised their target price on shares of Dynatrace from $58.00 to $68.00 and gave the company a "buy" rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. cut their target price on shares of Dynatrace from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, April 1st. Capital One Financial began coverage on shares of Dynatrace in a research report on Wednesday, February 21st. They issued an "overweight" rating and a $64.00 target price on the stock. Barclays cut their price target on shares of Dynatrace from $59.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 20th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Monday, April 1st. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $61.04.

Insider Buying and Selling at Dynatrace

In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the sale, the insider now directly owns 16,114,344 shares of the company's stock, valued at $847,614,494.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the sale, the insider now directly owns 16,114,344 shares of the company's stock, valued at $847,614,494.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 1,991 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the sale, the chief executive officer now directly owns 514,106 shares of the company's stock, valued at $26,687,242.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,278,591 shares of company stock valued at $750,893,396. Corporate insiders own 0.54% of the company's stock.

Dynatrace Company Profile

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.