Dynatrace, Inc. (NYSE:DT) CFO James M. Benson Sells 34,932 Shares

Dynatrace, Inc. (NYSE:DT) CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at $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 can be accessed through this hyperlink.

Dynatrace Price Performance

Dynatrace stock opened at $62.45 on Thursday. The company has a market cap of $18.69 billion, a PE ratio of 39.03, a P/E/G ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company has a fifty day moving average price of $55.44 and a two-hundred day moving average price of $53.01.

Institutional Investors Weigh In On Dynatrace

Several institutional investors and hedge funds have recently bought and sold shares of DT. Federated Hermes Inc. grew its stake in shares of Dynatrace by 77.2% in the fourth quarter. Federated Hermes Inc. now owns 58,934 shares of the company’s stock worth $3,203,000 after purchasing an additional 25,678 shares in the last quarter. MIG Capital LLC bought a new stake in Dynatrace during the fourth quarter worth approximately $339,000. Quadrant Capital Group LLC increased its holdings in shares of Dynatrace by 6.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock valued at $183,000 after buying an additional 216 shares in the last quarter. Wedbush Securities Inc. bought a new position in shares of Dynatrace in the fourth quarter valued at $244,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Dynatrace by 6.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,338,706 shares of the company’s stock worth $72,759,000 after acquiring an additional 80,351 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DT shares. Jefferies Financial Group upped their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Loop Capital raised their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Scotiabank upped their target price on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.74.

Dynatrace Company Profile

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.