Dynatrace (NYSE:DT) Shares Down 3% – Here’s What Happened

Dynatrace, Inc. (NYSE:DT) shares fell 3% on Monday . The stock traded as low as $52.59 and last traded at $53.14. 321,462 shares were traded during mid-day trading, a decline of 69% from the average session volume of 1,029,811 shares. The stock had previously closed at $54.81.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DT. Scotiabank increased their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. BTIG Research increased their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wedbush assumed coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Guggenheim lowered shares of Dynatrace from a “buy” rating to a “neutral” rating in a report on Monday. Finally, BNP Paribas assumed coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.08.

Dynatrace Stock Performance

The company has a market capitalization of $15.86 billion, a P/E ratio of 96.60, a price-to-earnings-growth ratio of 8.20 and a beta of 1.02. The firm’s fifty day moving average is $54.86 and its 200-day moving average is $50.81.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,027 shares of company stock valued at $3,168,084. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Dynatrace

A number of hedge funds have recently modified their holdings of DT. Cullen Frost Bankers Inc. purchased a new position in Dynatrace in the 2nd quarter worth about $26,000. Riverview Trust Co grew its stake in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the period. Paladin Wealth LLC bought a new stake in shares of Dynatrace during the 3rd quarter valued at about $38,000. UMB Bank n.a. grew its stake in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of Dynatrace during the 3rd quarter valued at about $52,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.