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 firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dynatrace Stock Performance

Shares of DT traded down $0.93 during mid-day trading on Tuesday, hitting $53.68. 2,746,300 shares of the company traded hands, compared to its average volume of 3,411,991. 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 $16.01 billion, a price-to-earnings ratio of 103.79, a P/E/G ratio of 7.93 and a beta of 1.06. The stock has a 50-day moving average price of $50.76 and a two-hundred day moving average price of $47.31.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. During the same period in the prior year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DT shares. Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $52.00 to $64.00 in a report on Monday, October 7th. Scotiabank boosted their price target on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research report on Thursday, August 8th. Wells Fargo & Company lowered their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.04.

Hedge Funds Weigh In On Dynatrace

Several institutional investors have recently bought and sold shares of DT. Teachers Retirement System of The State of Kentucky increased its stake in Dynatrace by 5.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 77,613 shares of the company’s stock worth $4,245,000 after buying an additional 3,850 shares during the period. SageView Advisory Group LLC acquired a new stake in Dynatrace during the 4th quarter valued at approximately $539,000. Vanguard Group Inc. increased its holdings in shares of Dynatrace by 9.8% during the 4th quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock valued at $1,436,393,000 after purchasing an additional 2,348,246 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Dynatrace by 535.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 54,016 shares of the company’s stock valued at $2,954,000 after purchasing an additional 45,515 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Dynatrace by 6.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,379 shares of the company’s stock valued at $1,443,000 after purchasing an additional 1,632 shares in the last quarter. 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.