Insider Selling: Dynatrace, Inc. (NYSE:DT) Director Sells 2,500 Shares of Stock

Dynatrace, Inc. (NYSE:DT - Get Free Report) Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dynatrace Stock Performance

DT stock traded down $1.03 during midday trading on Friday, reaching $61.35. 2,887,772 shares of the company were exchanged, compared to its average volume of 3,757,139. The stock's 50-day simple moving average is $55.58 and its 200 day simple moving average is $53.19. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its stake in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the last quarter. Riverview Trust Co increased its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company's stock valued at $33,000 after purchasing an additional 257 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Dynatrace in the 4th quarter valued at $38,000. Paladin Wealth LLC acquired a new position in Dynatrace in the third quarter worth $38,000. Finally, Coppell Advisory Solutions LLC increased its holdings in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after purchasing an additional 669 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

DT has been the topic of a number of research reports. Loop Capital raised their price target on Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. BMO Capital Markets upped their price target on Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research report on Thursday, February 6th. BTIG Research increased their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, UBS Group raised 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 investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.74.

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.