Stephen J. Lifshatz Sells 2,500 Shares of Dynatrace, Inc. (NYSE:DT) Stock

Dynatrace, Inc. (NYSE:DT) Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dynatrace Trading Up 0.4 %

NYSE DT opened at $61.43 on Wednesday. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 6.93 and a beta of 1.04. The firm’s 50 day simple moving average is $55.30 and its 200 day simple moving average is $52.82. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.85.

Institutional Trading of Dynatrace

Several large investors have recently made changes to their positions in DT. Holocene Advisors LP acquired a new stake in Dynatrace in the third quarter valued at approximately $126,592,000. Raymond James Financial Inc. acquired a new stake in Dynatrace in the fourth quarter valued at approximately $102,209,000. TimesSquare Capital Management LLC acquired a new stake in Dynatrace in the fourth quarter valued at approximately $73,906,000. State Street Corp boosted its position in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after buying an additional 1,207,621 shares in the last quarter. Finally, Barclays PLC boosted its position in Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after buying an additional 981,964 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Loop Capital increased their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Truist Financial increased their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $61.74.

About Dynatrace

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.