Dynatrace says ‘look forward to continuing our dialogue with Starboard’

Dynatrace (DT) issued a statement in response to the press release and related letter issued by Starboard Value, stating in part: “Dynatrace’s Board of Directors and management team are committed to acting in the best interests of the company and its shareholders. Dynatrace regularly engages with shareholders and values their input toward the common goal of enhancing value. To that end, members of Dynatrace have met with Starboard recently for introductory meetings and will continue to engage with them to better understand their views about our business and evaluate their ideas. The Dynatrace Board and management team have a proven record of delivering balanced growth, profitability, and free cash flow reflecting strong execution against our strategic plan to drive sustainable, long-term value… Our Board and management team will continue to leverage Dynatrace’s strong balance sheet and cash flow generation capacity to demonstrate conviction in the company’s ability to deliver long-term value to its shareholders. We will continue to review our strategic opportunities and capital allocation with a priority of driving sustainable returns. We look forward to continuing our dialogue with Starboard and our other shareholders as we execute on our strategic plan.”