Dynatrace, Inc. (NYSE:DT) CEO Sells $2,456,800.00 in Stock

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Dynatrace Stock Down 0.6 %

Shares of NYSE DT opened at $61.28 on Friday. The stock’s 50 day moving average price is $55.97 and its two-hundred day moving average price is $53.71. 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 $18.34 billion, a P/E ratio of 38.30, a PEG ratio of 7.18 and a beta of 1.04.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DT. Stifel Nicolaus boosted their price target on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday. Loop Capital upped their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Scotiabank upped their target price on 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 seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.04.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the company. Retirement Systems of Alabama raised its position in shares of Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after purchasing an additional 64,999 shares during the period. Geode Capital Management LLC raised its position in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the period. Synovus Financial Corp raised its position in shares of Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after purchasing an additional 13,957 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after purchasing an additional 9,444 shares during the period. Finally, Swiss National Bank raised its position in shares of Dynatrace by 6.6% during the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after purchasing an additional 52,000 shares during the period. Institutional investors and hedge funds 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.