Insider Selling: Dynatrace, Inc. (NYSE:DT) CEO Sells $2,418,000.00 in Stock

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $59.79 on Monday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The business’s fifty day moving average price is $56.08 and its two-hundred day moving average price is $53.98. The company has a market capitalization of $17.90 billion, a P/E ratio of 37.37, a PEG ratio of 7.05 and a beta of 1.04.

Analyst Ratings Changes

DT has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group lifted their target price on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Barclays lifted their target price on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.25.

Institutional Trading of Dynatrace

Hedge funds and other institutional investors have recently modified their holdings of the company. Retirement Systems of Alabama raised its stake in shares of Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after buying an additional 64,999 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after buying an additional 884,673 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Dynatrace by 27.8% in the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after buying an additional 13,957 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after acquiring an additional 9,444 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Dynatrace by 6.6% in the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after acquiring an additional 52,000 shares during 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.