California Public Employees Retirement System Purchases 1,834 Shares of Dynatrace, Inc. (NYSE:DT)

California Public Employees Retirement System increased its position in Dynatrace, Inc. (NYSE:DT) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431,069 shares of the company’s stock after buying an additional 1,834 shares during the quarter. California Public Employees Retirement System owned 0.15% of Dynatrace worth $23,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC lifted its position in Dynatrace by 3,184.4% in the fourth quarter. Jennison Associates LLC now owns 724,667 shares of the company’s stock valued at $39,632,000 after purchasing an additional 702,603 shares during the last quarter. OLD National Bancorp IN bought a new stake in Dynatrace in the fourth quarter valued at approximately $275,000. Handelsbanken Fonder AB lifted its position in Dynatrace by 104.7% in the fourth quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock valued at $102,205,000 after purchasing an additional 956,000 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Dynatrace by 33.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,896 shares of the company’s stock valued at $1,197,000 after purchasing an additional 5,503 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following 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 Securities & Exchange Commission, which is available at this link. In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $52.61, for a total value of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares of the company’s stock, valued at $4,704,649.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the transaction, the insider now directly owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. Insiders have sold 14,278,591 shares of company stock valued at $750,893,396 over the last ninety days. Insiders own 0.54% of the company’s stock.

Dynatrace Trading Up 1.1 %

NYSE DT opened at $47.10 on Monday. Dynatrace, Inc. has a 12 month low of $40.57 and a 12 month high of $61.41. The stock has a market cap of $13.87 billion, a P/E ratio of 71.36, a P/E/G ratio of 4.04 and a beta of 1.07. The stock’s fifty day moving average price is $46.99 and its 200-day moving average price is $50.83.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The company had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $357.64 million. As a group, analysts forecast that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Scotiabank upped their target price on Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a report on Monday, February 5th. JMP Securities upped their target price on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a report on Friday, February 2nd. Wolfe Research initiated coverage on Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 target price for the company. Finally, TD Cowen decreased their target price on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a report on Friday, April 19th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.08.

Dynatrace 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.