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

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Dynatrace Trading Down 0.5 %

Shares of NYSE:DT opened at $51.82 on Thursday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The stock’s 50-day moving average price is $47.33 and its two-hundred day moving average price is $46.48. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 99.65, a PEG ratio of 7.63 and a beta of 1.05.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. Dynatrace’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. As a group, research analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Guggenheim cut their price target on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Wedbush reissued a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. BMO Capital Markets raised their target price on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, Loop Capital lowered their price target on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $59.70.

Institutional Trading of Dynatrace

A number of institutional investors and hedge funds have recently made changes to their positions in the company. 1492 Capital Management LLC grew its position in Dynatrace by 1.0% during the fourth quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock valued at $1,266,000 after acquiring an additional 224 shares during the period. Bessemer Group Inc. grew its holdings in shares of Dynatrace by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock worth $284,000 after purchasing an additional 226 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares during the period. State of Alaska Department of Revenue raised its holdings in Dynatrace by 0.8% in the first quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock valued at $1,602,000 after buying an additional 260 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Dynatrace by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after buying an additional 266 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.