Dynatrace, Inc. (NYSE:DT) CFO Sells $2,132,598.60 in Stock

Dynatrace, Inc. (NYSE:DT) CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dynatrace Stock Down 1.7 %

NYSE DT opened at $61.35 on Friday. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 6.93 and a beta of 1.04. The stock has a fifty day simple moving average of $55.52 and a 200 day simple moving average of $53.08. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently made changes to their positions in DT. Sanctuary Advisors LLC bought a new position in shares of Dynatrace during the 2nd quarter worth about $567,000. CWM LLC boosted its position in shares of Dynatrace by 199.8% during the 3rd quarter. CWM LLC now owns 7,066 shares of the company’s stock worth $378,000 after purchasing an additional 4,709 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Dynatrace by 600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company’s stock worth $112,000 after purchasing an additional 1,800 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Dynatrace in the 3rd quarter worth about $1,042,000. Finally, Creative Planning raised its holdings in shares of Dynatrace by 46.7% in the 3rd quarter. Creative Planning now owns 25,892 shares of the company’s stock worth $1,384,000 after acquiring an additional 8,247 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DT shares. BMO Capital Markets boosted their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. BTIG Research boosted their price target on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial boosted their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays boosted their price target on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, UBS Group boosted their price target on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.74.

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.