Dynatrace, Inc. (NYSE:DT) Stock Holdings Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 21.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 361,884 shares of the company's stock after acquiring an additional 64,999 shares during the quarter. Retirement Systems of Alabama owned 0.12% of Dynatrace worth $19,350,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Eminence Capital LP bought a new position in Dynatrace during the second quarter worth about $158,369,000. Holocene Advisors LP bought a new stake in shares of Dynatrace during the third quarter worth about $126,592,000. State Street Corp raised its holdings in Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company's stock valued at $506,286,000 after buying an additional 1,207,621 shares during the last quarter. Marshall Wace LLP raised its position in Dynatrace by 285.7% during the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock worth $62,176,000 after purchasing an additional 1,029,387 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company's stock worth $114,076,000 after acquiring an additional 981,964 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

Shares of NYSE DT traded down $2.01 during mid-day trading on Friday, hitting $54.41. The company had a trading volume of 3,877,830 shares, compared to its average volume of 3,368,067. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The company has a market capitalization of $16.24 billion, a PE ratio of 98.93, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. The business's 50-day simple moving average is $54.71 and its 200 day simple moving average is $49.86.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the company's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares of the company's stock, valued at approximately $33,505,230.50. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,027 shares of company stock valued at $5,743,084. Insiders own 0.59% of the company's stock.

Wall Street Analyst Weigh In

DT has been the topic of a number of recent analyst reports. Scotiabank boosted their price objective on Dynatrace from $55.00 to $62.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price target on Dynatrace from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. BNP Paribas initiated coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price for the company. Finally, Barclays boosted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Six equities research 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 a consensus rating of "Moderate Buy" and a consensus price target of $61.88.

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.