California Public Employees Retirement System Raises Position in Dynatrace, Inc. (NYSE:DT)

California Public Employees Retirement System lifted its position in Dynatrace, Inc. (NYSE:DT) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,337,821 shares of the company’s stock after buying an additional 11,723 shares during the period. California Public Employees Retirement System owned about 0.45% of Dynatrace worth $72,711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group purchased a new stake in Dynatrace during the 4th quarter valued at $332,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Dynatrace during the fourth quarter valued at $12,200,000. Intrust Bank NA bought a new stake in Dynatrace in the 4th quarter worth about $228,000. Allstate Corp bought a new stake in Dynatrace in the 4th quarter worth about $471,000. Finally, DnB Asset Management AS raised its position in Dynatrace by 3.5% in the 4th quarter. DnB Asset Management AS now owns 50,482 shares of the company’s stock worth $2,744,000 after buying an additional 1,728 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

DT has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Truist Financial lifted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group lowered their price target on Dynatrace from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at $20,696,194.20. The trade was a 9.34 % 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 90 days. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $47.10 on Tuesday. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 7.05 and a beta of 1.12. The firm has a fifty day moving average price of $55.43 and a 200 day moving average price of $54.43. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00.

Dynatrace Company 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.