Rick M. Mcconnell Sells 40,000 Shares of Dynatrace, Inc. (NYSE:DT) Stock

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Dynatrace Stock Performance

NYSE DT opened at $59.79 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 7.10 and a beta of 1.04. The firm’s 50 day moving average price is $56.08 and its two-hundred day moving average price is $53.84.

Analysts Set New Price Targets

DT has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley raised their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Truist Financial raised their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average target price of $61.96.

Hedge Funds Weigh In On Dynatrace

Several institutional investors and hedge funds have recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC boosted its stake in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace during the 4th quarter valued at $38,000. Coppell Advisory Solutions LLC boosted its stake in shares of Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after buying an additional 669 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the period. Finally, Huntington National Bank boosted its stake in shares of Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after buying an additional 606 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.