Investigation Overview
An investigation on behalf of investors of Dynatrace, Inc. (NYSE: DT) shares over potential securities laws violations by Dynatrace, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Dynatrace, Inc. (NYSE: DT) concerning whether a series of statements by Dynatrace, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Waltham, MA based Dynatrace, Inc. provides a software intelligence platform for the enterprise cloud applications. Dynatrace, Inc. reported that its Total Revenue rose from $430.96 million for the 12 months period that ended on March 31, 2019 to $545.8 million for the 12 months period that ended on March 31, 2020, and that its normalized Loss increased from $114.73 million to $417.22 million over those respective time periods.
Shares of Dynatrace, Inc. (NYSE: DT) closed on January 15, 2021, at $43.30 per share.