James M. Benson Sells 34,932 Shares of Dynatrace, Inc. (NYSE:DT) Stock

Dynatrace, Inc. (NYSE:DT) CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dynatrace Stock Performance

Dynatrace stock opened at $61.35 on Friday. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The stock has a market capitalization of $18.36 billion, a P/E ratio of 38.34, a PEG ratio of 6.93 and a beta of 1.04. The stock has a 50-day simple moving average of $55.52 and a 200 day simple moving average of $53.08.

Hedge Funds Weigh In On Dynatrace

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co grew its holdings in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the fourth quarter worth approximately $38,000. Nisa Investment Advisors LLC boosted its holdings in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its holdings in shares of Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after acquiring an additional 669 shares during the period. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Scotiabank raised their price target on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. BTIG Research lifted their target price on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Wedbush reiterated an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Finally, Truist Financial lifted their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.74.

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.