Dynatrace (NYSE:DT) Stock Price Down 3% - Here's What Happened

Dynatrace, Inc. (NYSE:DT - Get Free Report)'s share price fell 3% on Monday . The stock traded as low as $52.59 and last traded at $53.14. 321,462 shares traded hands during trading, a decline of 69% from the average session volume of 1,029,811 shares. The stock had previously closed at $54.81.

Analyst Ratings Changes

DT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. BNP Paribas initiated coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price target for the company. Loop Capital boosted their target price on Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, November 8th. BMO Capital Markets increased their price target on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, UBS Group initiated coverage on Dynatrace in a research note on Wednesday, November 27th. They issued a "neutral" rating and a $58.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.08.

Dynatrace Stock Performance

The company has a market cap of $15.97 billion, a PE ratio of 97.31, a PEG ratio of 8.20 and a beta of 1.02. The company has a 50 day simple moving average of $54.85 and a two-hundred day simple moving average of $50.88.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,027 shares of company stock valued at $3,168,084. Corporate insiders own 0.59% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DT. Eminence Capital LP acquired a new stake in shares of Dynatrace in the 2nd quarter valued at $158,369,000. Holocene Advisors LP bought a new position in Dynatrace during the third quarter valued at about $126,592,000. State Street Corp lifted its position in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock worth $506,286,000 after buying an additional 1,207,621 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Dynatrace by 285.7% during the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock worth $62,176,000 after acquiring an additional 1,029,387 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after acquiring an additional 981,964 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Company Profile

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.