Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell Sells 50,000 Shares

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the transaction, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dynatrace Stock Performance

Shares of DT stock opened at $45.40 on Tuesday. The stock’s fifty day moving average is $46.47 and its 200-day moving average is $50.25. The stock has a market capitalization of $13.50 billion, a PE ratio of 87.31, a PEG ratio of 6.93 and a beta of 1.05. Dynatrace, Inc. has a 52 week low of $43.29 and a 52 week high of $61.41.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $380.85 million during the quarter, compared to the consensus estimate of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. As a group, analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dynatrace

Hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in Dynatrace in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. boosted its holdings in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after buying an additional 230 shares during the last quarter. DSM Capital Partners LLC bought a new position in Dynatrace during the fourth quarter worth about $28,000. Rise Advisors LLC bought a new position in Dynatrace during the first quarter worth about $30,000. Finally, NewSquare Capital LLC bought a new position in Dynatrace during the fourth quarter worth about $32,000. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DT shares. BMO Capital Markets lowered their price objective on Dynatrace from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Wolfe Research started coverage on Dynatrace in a research report on Monday, March 18th. They set an “outperform” rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st. Bank of America lowered their price objective on Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, Truist Financial restated a “buy” rating and set a $60.00 price objective (down from $70.00) on shares of Dynatrace in a research report on Thursday, May 16th. Five equities 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 presently has a consensus rating of “Moderate Buy” and an average target price of $61.54.

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.