Activist Investor Starboard Value Acquires Stake in Dynatrace, Calls for Strategic Changes
Activist investor Starboard Value has taken a major stake in AI software company Dynatrace and is pushing for strategic changes to boost its stock price, according to a Wall Street Journal report. Shares of Dynatrace rose 8% in after-hours trading following the news, though the stock has declined over 17% this year despite an updated revenue forecast.
Tickers: $DT
Topics: activist investors buybacks corporate strategy shareholder activism stock price