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 business’s stock in a transaction dated 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 in the company, valued at $30,631,224. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dynatrace Stock Down 2.4 %

Shares of DT opened at $59.79 on Monday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 7.05 and a beta of 1.04. The stock’s 50-day moving average price is $56.08 and its 200 day moving average price is $53.98.

Wall Street Analyst Weigh In

DT has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their target price on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Scotiabank boosted their target price on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price target on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus boosted their price target on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.25.

Hedge Funds Weigh In On Dynatrace

Several institutional investors and hedge funds have recently added to or reduced their stakes in DT. Creative Planning increased its stake in Dynatrace by 46.7% during the third quarter. Creative Planning now owns 25,892 shares of the company’s stock valued at $1,384,000 after acquiring an additional 8,247 shares during the period. Raymond James & Associates grew its stake in shares of Dynatrace by 12.1% in the 3rd quarter. Raymond James & Associates now owns 311,104 shares of the company’s stock valued at $16,635,000 after purchasing an additional 33,466 shares during the period. Signaturefd LLC grew its stake in shares of Dynatrace by 31.0% in the 3rd quarter. Signaturefd LLC now owns 4,389 shares of the company’s stock valued at $235,000 after purchasing an additional 1,038 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Dynatrace in the 3rd quarter valued at approximately $1,627,000. Finally, Dakota Wealth Management grew its position in Dynatrace by 15.8% during the 3rd quarter. Dakota Wealth Management now owns 12,923 shares of the company’s stock worth $691,000 after acquiring an additional 1,762 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

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.