Dynatrace, Inc. (NYSE:DT) Holdings Raised by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its stake in Dynatrace, Inc. (NYSE:DT) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,123 shares of the company’s stock after purchasing an additional 12,101 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Dynatrace were worth $5,007,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DT. Vanguard Group Inc. boosted its holdings in shares of Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock valued at $1,639,260,000 after acquiring an additional 484,877 shares in the last quarter. American Century Companies Inc. boosted its stake in Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock valued at $411,449,000 after purchasing an additional 700,332 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock valued at $381,860,000 after purchasing an additional 834,225 shares during the period. Geode Capital Management LLC raised its stake in shares of Dynatrace by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company’s stock worth $282,985,000 after buying an additional 87,857 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Dynatrace in the 4th quarter worth $192,284,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 in the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

Dynatrace stock opened at $42.85 on Wednesday. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market cap of $12.83 billion, a PE ratio of 26.78, a P/E/G ratio of 7.05 and a beta of 1.05. The firm’s 50 day moving average price is $50.12 and its two-hundred day moving average price is $53.32.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley lowered their target price on Dynatrace from $62.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Scotiabank lifted their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada increased their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.45.

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.