Arizona State Retirement System Acquires 5,361 Shares of Dynatrace, Inc. (NYSE:DT)

Arizona State Retirement System grew its holdings in Dynatrace, Inc. (NYSE:DT) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,527 shares of the company’s stock after purchasing an additional 5,361 shares during the period. Arizona State Retirement System’s holdings in Dynatrace were worth $4,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DT. Retirement Systems of Alabama grew its holdings in shares of Dynatrace by 21.9% in the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after acquiring an additional 64,999 shares during the period. Geode Capital Management LLC grew its holdings in shares of Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares during the period. Synovus Financial Corp grew its holdings in shares of Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after acquiring an additional 13,957 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Dynatrace by 56.0% in the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after acquiring an additional 9,444 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Dynatrace by 6.6% in the third quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after acquiring an additional 52,000 shares during the period. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DT. Morgan Stanley lifted their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. UBS Group lifted their target price on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Scotiabank lifted their target price on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Wells Fargo & Company set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.25.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company’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 transaction of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 over the last ninety days. 0.59% of the stock is owned by insiders.

Dynatrace Price Performance

Shares of NYSE DT opened at $52.36 on Friday. The business’s 50 day moving average is $56.43 and its two-hundred day moving average is $54.50. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The stock has a market capitalization of $15.67 billion, a P/E ratio of 32.72, a PEG 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.