Oregon Public Employees Retirement Fund Buys 400 Shares of Dynatrace, Inc. (NYSE:DT)

Oregon Public Employees Retirement Fund lifted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,699 shares of the company’s stock after acquiring an additional 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Dynatrace were worth $3,299,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Dynatrace by 46.7% in the 3rd quarter. Creative Planning now owns 25,892 shares of the company’s stock valued at $1,384,000 after purchasing an additional 8,247 shares during the period. International Assets Investment Management LLC bought a new stake in Dynatrace in the 3rd quarter valued at approximately $1,627,000. Wealth Enhancement Advisory Services LLC bought a new stake in Dynatrace in the 3rd quarter valued at approximately $587,000. State of Alaska Department of Revenue boosted its holdings in Dynatrace by 24.9% during the third quarter. State of Alaska Department of Revenue now owns 43,099 shares of the company’s stock worth $2,303,000 after purchasing an additional 8,585 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in Dynatrace by 11.6% during the third quarter. First Trust Direct Indexing L.P. now owns 5,524 shares of the company’s stock worth $295,000 after purchasing an additional 576 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,459 shares of company stock valued at $10,052,682. 0.59% of the stock is owned by company insiders.

Dynatrace Trading Down 2.6 %

NYSE:DT opened at $57.27 on Friday. The stock has a market cap of $17.14 billion, a P/E ratio of 35.80, a PEG ratio of 7.05 and a beta of 1.04. The stock has a 50 day simple moving average of $56.40 and a 200 day simple moving average of $54.20. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DT shares. Barclays raised their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Truist Financial boosted their price target on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $67.00 price target on shares of Dynatrace 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.25.

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.