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 Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction 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 represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dynatrace Price Performance

DT stock opened at $59.79 on Friday. The company has a fifty day moving average price of $56.08 and a 200 day moving average price of $53.93. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 7.05 and a beta of 1.04.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DT. Wedbush reiterated an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, UBS Group lifted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.25.

Institutional Trading of Dynatrace

Several institutional investors and hedge funds have recently bought and sold shares of the business. Forum Financial Management LP purchased a new stake in Dynatrace in the 4th quarter valued at $258,000. Toronto Dominion Bank raised its position in Dynatrace by 10.0% in the 4th quarter. Toronto Dominion Bank now owns 49,012 shares of the company’s stock valued at $2,663,000 after purchasing an additional 4,443 shares during the last quarter. Cache Advisors LLC acquired a new position in Dynatrace in the 4th quarter valued at $506,000. Public Employees Retirement System of Ohio increased its stake in Dynatrace by 4.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 146,580 shares of the company’s stock valued at $7,967,000 after buying an additional 5,728 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dynatrace by 53.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company’s stock valued at $211,707,000 after buying an additional 1,350,794 shares during the period. Hedge funds and other 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.