Insider Selling: Dynatrace, Inc. (NYSE:DT) CEO Sells 40,000 Shares of Stock

Dynatrace, Inc. (NYSE:DT - Get Free Report) CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dynatrace Price Performance

NYSE DT traded down $0.50 on Tuesday, hitting $58.49. 928,585 shares of the company's stock were exchanged, compared to its average volume of 3,347,499. The firm's 50-day moving average price is $56.16 and its two-hundred day moving average price is $54.07. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 36.52, a P/E/G ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Scotiabank increased their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Cantor Fitzgerald restated a "neutral" rating and issued a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Finally, Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Eight investment 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, Dynatrace presently has a consensus rating of "Moderate Buy" and an average price target of $63.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Forum Financial Management LP acquired a new position in Dynatrace during the fourth quarter worth about $258,000. Toronto Dominion Bank increased its stake 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 in the last quarter. Cache Advisors LLC acquired a new position in Dynatrace during the fourth quarter worth $506,000. Public Employees Retirement System of Ohio boosted its position in Dynatrace by 4.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 146,580 shares of the company's stock worth $7,967,000 after purchasing an additional 5,728 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Dynatrace by 53.1% in the fourth 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 purchasing an additional 1,350,794 shares during the last quarter. Institutional investors and hedge funds 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.