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 Dynatrace stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares of the company’s stock, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Dynatrace Stock Down 1.1 %

DT stock opened at $61.68 on Thursday. The company has a market cap of $18.46 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 7.06 and a beta of 1.04. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The business has a 50-day simple moving average of $55.87 and a 200 day simple moving average of $53.66.

Hedge Funds Weigh In On Dynatrace

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace during the fourth quarter worth $38,000. Nisa Investment Advisors LLC boosted its holdings in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Coppell Advisory Solutions LLC increased its stake in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after purchasing an additional 669 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after buying an additional 606 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Tuesday. Loop Capital upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Morgan Stanley raised their target price on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.04.

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.