Retirement Systems of Alabama Raises Holdings in Dynatrace, Inc. (NYSE:DT)

Retirement Systems of Alabama raised its position in Dynatrace, Inc. (NYSE:DT) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 362,931 shares of the company’s stock after purchasing an additional 1,047 shares during the period. Retirement Systems of Alabama’s holdings in Dynatrace were worth $19,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DT. Holocene Advisors LP purchased a new position in shares of Dynatrace in the third quarter worth about $126,592,000. State Street Corp boosted its holdings in shares of Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. Barclays PLC grew its position in shares of Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after purchasing an additional 981,964 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after purchasing an additional 884,673 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after buying an additional 648,808 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Trading Down 0.7 %

Dynatrace stock opened at $60.03 on Friday. The firm has a market capitalization of $17.97 billion, a P/E ratio of 37.52, a P/E/G ratio of 8.37 and a beta of 1.04. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.40. The stock’s fifty day simple moving average is $55.05 and its 200-day simple moving average is $52.41.

Analyst Ratings Changes

A number of brokerages have issued reports on DT. JPMorgan Chase & Co. raised their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. BMO Capital Markets raised their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Morgan Stanley increased their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.59% of the stock is owned by company insiders.

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.