Arizona State Retirement System Raises Holdings in Dynatrace, Inc. (NYSE:DT)

Arizona State Retirement System grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,527 shares of the company’s stock after buying an additional 5,361 shares during the period. Arizona State Retirement System’s holdings in Dynatrace were worth $4,703,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DT. Gulf International Bank UK Ltd lifted its holdings in Dynatrace by 10.9% during the 3rd quarter. Gulf International Bank UK Ltd now owns 22,120 shares of the company’s stock worth $1,182,000 after purchasing an additional 2,167 shares in the last quarter. Portside Wealth Group LLC lifted its holdings in Dynatrace by 20.3% during the 3rd quarter. Portside Wealth Group LLC now owns 6,393 shares of the company’s stock worth $342,000 after purchasing an additional 1,077 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Dynatrace during the 3rd quarter worth about $52,000. Assetmark Inc. increased its stake in Dynatrace by 20.1% in the 3rd quarter. Assetmark Inc. now owns 39,354 shares of the company’s stock worth $2,104,000 after acquiring an additional 6,581 shares during the last quarter. Finally, Atria Investments Inc increased its stake in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after acquiring an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wedbush restated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities restated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, Morgan Stanley increased their price objective on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

NYSE DT opened at $52.36 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The stock has a 50 day simple moving average of $56.43 and a two-hundred day simple moving average of $54.50. The stock has a market cap of $15.67 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

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.