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Dynatrace Engages With Starboard Value After Shareholder Letter

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-- Dynatrace (DT) said Tuesday it is engaging with Starboard Value after it issued a shareholder letter outlining operational and valuation concerns.

The company said members of its board and management have recently held introductory meetings with Starboard and will continue discussions to better understand its views on the business.

Dynatrace said it will continue reviewing strategic opportunities and capital allocation priorities with a focus on long-term shareholder returns.

Shares of Dynatrace were up 2.1% in Tuesday trading.

Price: $36.35, Change: $+0.73, Percent Change: +2.06%

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Dynatrace Engages With Starboard Value After Shareholder Letter | FINWIRES