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

Dynatrace, Inc. (NYSE:DT - Get Free Report) CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dynatrace Price Performance

DT stock traded down $1.03 during mid-day trading on Monday, hitting $61.35. 2,887,772 shares of the stock were exchanged, compared to its average volume of 3,757,139. The business has a fifty day moving average price of $55.58 and a 200 day moving average price of $53.32. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 6.93 and a beta of 1.04.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DT shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Thursday, February 6th. BMO Capital Markets upped their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Scotiabank lifted their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Royal Bank of Canada boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, UBS Group raised their price target on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and a consensus target price of $61.74.

Institutional Trading of Dynatrace

A number of hedge funds have recently bought and sold shares of DT. Smartleaf Asset Management LLC lifted its stake in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Dynatrace by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after buying an additional 177 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock valued at $105,000 after acquiring an additional 206 shares during the last quarter. Virtue Capital Management LLC grew its position in Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock worth $282,000 after acquiring an additional 212 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Dynatrace by 6.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock valued at $183,000 after purchasing an additional 216 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.