Stephen J. Lifshatz Sells 5,000 Shares of Dynatrace, Inc. (NYSE:DT) Stock

Dynatrace, Inc. (NYSE:DT) Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dynatrace Stock Performance

DT stock opened at $53.70 on Thursday. The company has a market cap of $16.01 billion, a P/E ratio of 103.27, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock’s 50 day simple moving average is $51.17 and its 200 day simple moving average is $47.40.

Dynatrace (NYSE:DT) last released its 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. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The company had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same period in the prior year, the company posted $0.16 earnings per share. Dynatrace’s quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts predict that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Dynatrace by 8.7% during the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after purchasing an additional 583,220 shares during the last quarter. American Century Companies Inc. lifted its holdings 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 valued at $299,827,000 after purchasing an additional 782,588 shares during the last quarter. RGM Capital LLC lifted 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 valued at $172,194,000 after purchasing an additional 225,000 shares during the last quarter. Finally, Eminence Capital LP purchased a new position in shares of Dynatrace during the second quarter valued at approximately $158,369,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

DT has been the subject of several research analyst reports. Wedbush restated a “neutral” rating and issued a $55.00 price objective on shares of Dynatrace in a report on Thursday, August 8th. Loop Capital dropped their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Scotiabank upped their target price on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. Guggenheim upped their price target on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, BNP Paribas started coverage on Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target for the company. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.04.

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.