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 business’s 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 owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Dynatrace Stock Up 0.4 %

Shares of NYSE DT traded up $0.22 during midday trading on Tuesday, hitting $61.43. The stock had a trading volume of 3,120,789 shares, compared to its average volume of 3,577,688. The business’s 50 day moving average is $55.30 and its 200-day moving average is $52.82. The company has a market cap of $18.39 billion, a P/E ratio of 38.39, a PEG ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.85.

Wall Street Analyst Weigh In

DT has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Loop Capital boosted their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets boosted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial boosted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $61.74.

Institutional Inflows and Outflows

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