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

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This represents a 7.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $1.45 during mid-day trading on Friday, hitting $59.79. 2,823,669 shares of the company traded hands, compared to its average volume of 3,433,855. The firm has a market cap of $17.90 billion, a P/E ratio of 37.37, a PEG ratio of 7.10 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 firm’s 50 day simple moving average is $55.97 and its 200 day simple moving average is $53.71.

Institutional Investors Weigh In On Dynatrace

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dynatrace during the 4th quarter worth approximately $38,000. Coppell Advisory Solutions LLC increased its holdings in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after purchasing an additional 669 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after purchasing an additional 606 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DT has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday. Scotiabank increased their price objective on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. BMO Capital Markets increased their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush reissued an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Finally, Morgan Stanley raised their price target on Dynatrace from $59.00 to $62.00 and gave the stock 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 seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.04.

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.