Bernd Greifeneder Sells 50,000 Shares of Dynatrace, Inc. (NYSE:DT) Stock

Dynatrace, Inc. (NYSE:DT) EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dynatrace Stock Down 0.5 %

DT stock opened at $58.31 on Friday. The business’s 50-day moving average price is $54.37 and its 200-day moving average price is $49.54. The stock has a market cap of $17.40 billion, a P/E ratio of 106.02, a PEG ratio of 8.71 and a beta of 1.01. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

Analysts Set New Price Targets

DT has been the topic of a number of recent analyst reports. Scotiabank increased their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, BTIG Research upped their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.48.

Hedge Funds Weigh In On Dynatrace

Several large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in Dynatrace in the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new position in shares of Dynatrace in the second quarter worth $32,000. Riverview Trust Co boosted its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the last quarter. UMB Bank n.a. grew its stake in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after acquiring an additional 535 shares in the last quarter. Finally, Paladin Wealth LLC bought a new stake in Dynatrace in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors 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.