Retirement Systems of Alabama Boosts Stock Holdings in Dynatrace, Inc. $DT

Retirement Systems of Alabama boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,440 shares of the company’s stock after buying an additional 2,096 shares during the period. Retirement Systems of Alabama owned 0.12% of Dynatrace worth $20,231,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bridges Investment Management Inc. increased its stake in Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock worth $1,173,000 after buying an additional 11,234 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Dynatrace during the 1st quarter worth approximately $2,175,000. Belpointe Asset Management LLC acquired a new position in shares of Dynatrace during the 1st quarter worth approximately $327,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dynatrace by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,218,892 shares of the company’s stock worth $104,621,000 after purchasing an additional 166,648 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Dynatrace by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,246 shares of the company’s stock worth $200,000 after purchasing an additional 609 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

DT opened at $50.58 on Friday. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The stock has a market capitalization of $15.25 billion, a PE ratio of 31.03, a P/E/G ratio of 4.29 and a beta of 0.88. The business’s 50 day moving average price is $49.14 and its 200 day moving average price is $50.63.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm had revenue of $477.35 million for the quarter, compared to analysts’ expectations of $467.39 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the company’s 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 transaction, the director owned 1,012 shares in the company, valued at $50,367.24. This trade represents a 50.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,602 shares of company stock worth $529,579 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DT shares. Guggenheim boosted their target price on Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Dynatrace in a report on Wednesday, October 8th. Wall Street Zen cut Dynatrace from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Citigroup lowered their target price on Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Finally, Wells Fargo & Company began coverage on Dynatrace in a report on Tuesday, September 30th. They set an “overweight” rating and a $65.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.09.

Dynatrace 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.