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 stock in a transaction that occurred 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 directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dynatrace Stock Performance

Dynatrace stock opened at $61.68 on Thursday. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 7.06 and a beta of 1.04. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The stock’s 50 day moving average price is $55.87 and its two-hundred day moving average price is $53.66.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DT. Vanguard Group Inc. increased its stake in Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock valued at $1,639,260,000 after purchasing an additional 484,877 shares in the last quarter. State Street Corp increased its position in Dynatrace by 14.6% in the 3rd 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 in the last quarter. Janus Henderson Group PLC raised its stake in Dynatrace by 5.6% during the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock worth $508,811,000 after buying an additional 493,987 shares during the period. American Century Companies Inc. boosted its holdings in Dynatrace by 10.2% in the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock worth $411,449,000 after acquiring an additional 700,332 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in Dynatrace by 13.5% in 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 acquiring an additional 834,225 shares during the period. 94.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DT has been the subject of several research analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Loop Capital increased their target price on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Morgan Stanley boosted their price target on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Truist Financial upped their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $62.04.

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.