Insider Selling: Dynatrace, Inc. (NYSE:DT) EVP Sells 50,000 Shares of Stock

Dynatrace, Inc. (NYSE:DT - Get Free Report) EVP Bernd Greifeneder sold 50,000 shares of the business's stock in a transaction dated 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 directly owns 1,007,038 shares of the company's stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dynatrace Price Performance

Shares of NYSE DT traded down $0.32 during midday trading on Friday, hitting $58.31. The stock had a trading volume of 2,708,497 shares, compared to its average volume of 3,366,259. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a market cap of $17.40 billion, a P/E ratio of 106.67, a price-to-earnings-growth ratio of 8.37 and a beta of 1.01. The company's 50-day simple moving average is $54.27 and its 200 day simple moving average is $49.46.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DT. BTIG Research upped their price target on Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Guggenheim raised their price target on shares of Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. JPMorgan Chase & Co. upped their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their target price on Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Loop Capital raised their price objective on Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.48.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DT. State Street Corp raised its stake in shares of Dynatrace by 14.6% during 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. American Century Companies Inc. grew its holdings in Dynatrace by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company's stock worth $299,827,000 after acquiring an additional 782,588 shares during the period. Geode Capital Management LLC raised its position in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after acquiring an additional 884,673 shares during the last quarter. RGM Capital LLC lifted its stake in Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock valued at $232,210,000 after buying an additional 494,028 shares during the period. Finally, Eminence Capital LP bought a new position in Dynatrace during the second quarter worth about $158,369,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.

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