Dynatrace (NYSE:DT) Sets New 1-Year High - Here's What Happened

Dynatrace, Inc. (NYSE:DT - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $61.85 and last traded at $61.43, with a volume of 3120789 shares changing hands. The stock had previously closed at $61.21.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DT shares. Morgan Stanley increased their target price on Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Wedbush reissued an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. BTIG Research increased their target price on Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Royal Bank of Canada increased their target price on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, BMO Capital Markets increased their target price on Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.74.

Dynatrace Trading Down 1.7 %

The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 6.93 and a beta of 1.04. The company has a 50 day moving average of $55.58 and a 200 day moving average of $53.19.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James M. Benson sold 34,932 shares of the business'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 transaction, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,459 shares of company stock worth $5,177,882. Company insiders own 0.59% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co grew its stake in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace in the fourth quarter worth $38,000. Nisa Investment Advisors LLC grew its stake in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Finally, Coppell Advisory Solutions LLC grew its stake in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.