Louisiana State Employees Retirement System Has $4.42 Million Stake in Dynatrace, Inc. (NYSE:DT)

Louisiana State Employees Retirement System lifted its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 21.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,600 shares of the company's stock after acquiring an additional 14,600 shares during the quarter. Louisiana State Employees Retirement System's holdings in Dynatrace were worth $4,417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DT. Eminence Capital LP bought a new stake in shares of Dynatrace during the second quarter worth $158,369,000. Jericho Capital Asset Management L.P. bought a new stake in Dynatrace in the first quarter valued at about $133,701,000. Assenagon Asset Management S.A. increased its holdings in Dynatrace by 1,146.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock valued at $98,792,000 after purchasing an additional 2,030,915 shares during the last quarter. Vanguard Group Inc. increased its holdings in Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Dynatrace by 285.7% in the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock valued at $62,176,000 after purchasing an additional 1,029,387 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Trading Down 0.1 %

Shares of DT traded down $0.06 during mid-day trading on Friday, reaching $54.07. The company's stock had a trading volume of 1,161,373 shares, compared to its average volume of 3,350,610. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The stock has a market cap of $16.12 billion, a P/E ratio of 103.98, a PEG ratio of 7.93 and a beta of 1.06. The business has a 50-day simple moving average of $52.02 and a two-hundred day simple moving average of $47.79.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. The company had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm's quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. Research analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock worth $3,397,904 in the last 90 days. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DT shares. BTIG Research upped their price objective on Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday. Wedbush initiated coverage on Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price target for the company. BNP Paribas initiated coverage on Dynatrace in a report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price target for the company. Guggenheim increased their price target on Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Finally, Scotiabank increased their price target on Dynatrace from $52.00 to $55.00 and gave the stock a "sector outperform" rating in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and an average target price of $60.46.

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.