Dynatrace, Inc. (NYSE:DT – Get Free Report) CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Dynatrace Stock Performance
Shares of DT stock traded up $0.54 on Tuesday, reaching $52.09. The stock had a trading volume of 4,708,557 shares, compared to its average volume of 3,473,403. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The stock has a market cap of $15.53 billion, a P/E ratio of 99.13, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05. The company has a 50 day simple moving average of $46.97 and a 200 day simple moving average of $46.42.
Dynatrace (NYSE:DT – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. Dynatrace’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. On average, equities research analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Dynatrace
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on DT shares. Guggenheim decreased their price objective on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Loop Capital dropped their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. BMO Capital Markets lifted their price target on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, Wells Fargo & Company cut their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.
Check Out Our Latest Research Report on DT
About Dynatrace
Dynatrace, Inc provides a security platform for multicloud environments. It 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.
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