Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell Sells 50,000 Shares of Stock

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $52.09 on Wednesday. The company has a 50 day moving average price of $47.15 and a two-hundred day moving average price of $46.44. The company has a market capitalization of $15.53 billion, a PE ratio of 100.17, a PEG ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. On average, sell-side analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DT. Wells Fargo & Company reduced their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Scotiabank increased their price target on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. BMO Capital Markets boosted their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Loop Capital reduced their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Finally, Guggenheim lowered their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.70.

Institutional Investors Weigh In On Dynatrace

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Dynatrace by 8.7% in the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after buying an additional 583,220 shares during the period. American Century Companies Inc. increased its position in shares of Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after acquiring an additional 782,588 shares in the last quarter. RGM Capital LLC raised its holdings in shares of Dynatrace by 6.2% during the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock worth $172,194,000 after acquiring an additional 225,000 shares during the period. Finally, Eminence Capital LP acquired a new stake in shares of Dynatrace during the second quarter worth $158,369,000. 94.28% of the stock is currently owned by institutional investors.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.