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 business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dynatrace Trading Up 1.6 %

Shares of DT traded up $1.01 on Tuesday, reaching $62.31. 2,445,094 shares of the company’s stock traded hands, compared to its average volume of 3,526,797. The stock’s 50 day simple moving average is $55.66 and its two-hundred day simple moving average is $53.45. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The stock has a market cap of $18.65 billion, a PE ratio of 38.94, a PEG ratio of 6.93 and a beta of 1.04.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Jefferies Financial Group upped their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Barclays upped their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Morgan Stanley raised their price objective on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.74.

Institutional Investors Weigh In On Dynatrace

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Dynatrace by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock worth $1,639,260,000 after buying an additional 484,877 shares during the last quarter. State Street Corp boosted its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Dynatrace by 5.6% during the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock valued at $508,811,000 after acquiring an additional 493,987 shares during the period. American Century Companies Inc. increased its stake in shares of Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock worth $411,449,000 after purchasing an additional 700,332 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock worth $381,860,000 after purchasing an additional 834,225 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

About Dynatrace

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.