Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell Sells 40,000 Shares of Stock

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. The trade was a 7.32 % 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 the SEC website.

Dynatrace Stock Down 2.4 %

DT opened at $59.79 on Friday. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 7.10 and a beta of 1.04. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The company’s 50-day moving average price is $56.08 and its 200 day moving average price is $53.84.

Analyst Ratings Changes

A number of research firms have weighed in on DT. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Loop Capital upped 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. Royal Bank of Canada upped 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. BMO Capital Markets upped their target price on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Scotiabank upped their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Eight 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.96.

Institutional Investors Weigh In On Dynatrace

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Dynatrace by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock valued at $1,639,260,000 after buying an additional 484,877 shares during the last quarter. State Street Corp raised its holdings in shares of 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 buying an additional 1,207,621 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Dynatrace by 5.6% during the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock valued at $508,811,000 after buying an additional 493,987 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Dynatrace by 10.2% during the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock valued at $411,449,000 after buying an additional 700,332 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Dynatrace by 13.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock valued at $381,860,000 after buying an additional 834,225 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.