Dynatrace, Inc. (NYSE:DT) Shares Bought by Arizona State Retirement System

Posted by on May 10th, 2023

Arizona State Retirement System lifted its position in shares of Dynatrace, Inc. (NYSE:DT – Get Rating) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,933 shares of the company’s stock after purchasing an additional 1,803 shares during the period. Arizona State Retirement System’s holdings in Dynatrace were worth $2,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Eaton Vance Management increased its position in shares of Dynatrace by 0.6% during the third quarter. Eaton Vance Management now owns 42,832 shares of the company’s stock worth $1,491,000 after purchasing an additional 269 shares in the last quarter. Ieq Capital LLC increased its position in shares of Dynatrace by 4.8% during the third quarter. Ieq Capital LLC now owns 6,930 shares of the company’s stock worth $241,000 after purchasing an additional 315 shares in the last quarter. M&T Bank Corp increased its position in Dynatrace by 3.5% in the 3rd quarter. M&T Bank Corp now owns 10,620 shares of the company’s stock valued at $370,000 after acquiring an additional 355 shares during the period. Parallel Advisors LLC increased its position in Dynatrace by 1.4% in the 4th quarter. Parallel Advisors LLC now owns 27,855 shares of the company’s stock valued at $1,067,000 after acquiring an additional 389 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Dynatrace by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 53,900 shares of the company’s stock valued at $2,064,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 97.17% of the company’s stock.

Dynatrace Stock Performance

DT stock opened at $44.29 on Wednesday. Dynatrace, Inc. has a 1 year low of $29.41 and a 1 year high of $48.00. The stock’s 50 day moving average price is $41.32 and its 200 day moving average price is $39.50. The firm has a market cap of $12.80 billion, a P/E ratio of 442.90, a PEG ratio of 4.71 and a beta of 1.11.

Insider Buying and Selling at Dynatrace

In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,773,500 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $45.15, for a total transaction of $667,023,525.00. Following the completion of the sale, the insider now directly owns 69,524,770 shares in the company, valued at approximately $3,139,043,365.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Alicia Allen sold 2,039 shares of the company’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $43.49, for a total transaction of $88,676.11. Following the completion of the sale, the chief accounting officer now directly owns 85,242 shares in the company, valued at approximately $3,707,174.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,773,500 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $45.15, for a total value of $667,023,525.00. Following the sale, the insider now owns 69,524,770 shares of the company’s stock, valued at $3,139,043,365.50. The disclosure for this sale can be found here. In the last three months, insiders sold 14,789,114 shares of company stock worth $667,702,578. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Dynatrace from $45.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Credit Suisse Group boosted their price target on Dynatrace from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Truist Financial boosted their price target on Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Robert W. Baird boosted their price target on Dynatrace from $40.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Finally, The Goldman Sachs Group lowered their price objective on Dynatrace from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, January 25th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.00.

About Dynatrace

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Dynatrace, Inc engages in the development of a software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.

See Also

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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