Dynatrace Rallies on Report That Starboard Value Took a Stake

Dynatrace Inc. shares rose more than 6% in late trading on a report that Starboard Value LP took a stake and is pushing the company to better capitalize on the shift to artificial intelligence.

Starboard is now a top-five shareholder in the company and has been privately engaging with Dynatrace management in recent months, the Wall Street Journal reported. Starboard said in a draft of a letter to Dynatrace that its board should be open to all paths to maximize shareholder value, the Journal reported.

Representatives for Starboard and Dynatrace didn’t immediately respond to requests for comment.

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